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Microfinance market to be remodelled

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Azerbaijan will soon facilitate the microfinancing service, which stands for the provision of a variety of financial services to low-income individuals or those who lack an access to typical banking services.

Microfinance organizations of the country are currently engaged in the revision of their policy and strategy with a view to facilitate a number of procedures connected with the return of a credit.

Ambassador of Switzerland to Azerbaijan Philipp Stalder, said that reforms aimed at providing cheaper and more innovative products to Azerbaijan’s population are needed to address the difficulties observed in the financial market of the country.

For more on this story visit the following link: Microfinance market to be remodelled

Source: AzerNews

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