Credagro

Azerbaijan
International Finance Corporation (IFC)
private
FI
06/01/2004
Active
The proposed project comprises of: - a senior loan of up to $6.0 million and - a subordinated convertible loan of up to $4.0 million to Credagro, a limited liability Non Banking Credit Organization providing finance to rural entrepreneurs and businesses in Azerbaijan (Credagro or the company). The objective of the project is to support Credagro by providing long term funding which will contribute to the further expansion of its lending to Micro, Small and Medium sized Enterprises (MSMEs) throughout the country and will give impetus to the transformation process of Credagro to a microfinance bank in the mid term.
See project site:
http://www.ifc.org/ifcext/spiwebsite1.nsf/ProjectDisplay/SPI_DP27032
10,000,000

EastAgri is supported by:

EastAgri is supported by FAO, EBRD, and The World Bank