Azerbaijan

Extremely bad economic circumstances have forced FINCA to drastically reduce its presence in Azerbaijan. Once the largest non-bank credit organization in the country, FINCA has cut its client base to just over 11,000 borrowers. We are not alone: according to the global Findex survey, Azerbaijan is one of the few countries in the world where financial exclusion is on the rise.

This restructuring has undoubtedly changed the profile of FINCA's customers from when we first started collecting data. In the absence of any other data, we display the historical indicators below as a matter of interest, but they should not be considered representative of the current client base. If conditions change for the better one day, FINCA can hope to revive its operations and its outreach to a population that is increasingly excluded from formal financial services.

Explore Azerbaijan Data ↓

Financial Inclusion

Azerbaijan:
Reaching the Financially Excluded

71% Adult population financially excluded

950 25% Female borrowers % #

3,747 Total FINCA clients

2,323 62% Borrowers in rural areas % #

3,747 Total FINCA borrowers

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Living Standards

Azerbaijan:
Quality of Life

1,049 28% Client homes without water % #

0 0% Client homes without electricity % #

2,173 58% Client homes without access to Internet % #

37 1% Clients who don’t own their home % #

111 3% Head of household with primary education or less % #

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Income & Employment

Azerbaijan:
Income & Employment

$10,348 42% Average annual profit % #

1.8 Average # of employees per client enterprise

6,793 People employed in FINCA-funded enterprises

4,492 66% Employees hired due to FINCA loan % #

6,134 90% Wages paid above the poverty line % #

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Women’s Empowerment

Azerbaijan:
Empowering Women

950 25% Female borrowers % #

361 10% Clients with female-headed household % #

623 17% Households with female as main earner % #

1,177 31% Businesses run by women % #

2,173 32% Women employed by enterprises Avg. #

2,167 32% Jobs created by women % #

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Clients’ Goals

Azerbaijan:
Attaining Business and Personal Goals

Goals Set By FINCA Borrowers

Goals Met By FINCA Borrowers

75 2% Start a business % #

1,971 53% Expand a business % #

41 1% Invest in education % #

1,012 27% Improve their home % #

307 8% Buy an asset % #

176 5% Pay down debts % #

70 94% Start a business % #

1,799 91% Expand a business % #

36 88% Invest in education % #

647 64% Improve their home % #

297 97% Buy an asset % #

149 84% Pay down debts % #

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Special Topics

Azerbaijan:
Poverty, Economic Sectors, Jobs and Profits

FINCA Loan Sectors

802 21% Trade % #

1,278 34% Services % #

277 7% Manufacturing % #

667 18% Crops % #

723 19% Livestock % #

Profit and Profit/Sales Ratio by Sector

$16,653 27% Trade Profit/sales ratio Avg. profit

12,637 31% Services Profit/sales ratio Avg. profit

$9,568 51% Manufacturing Profit/sales ratio Avg. profit

$5,002 66% Crops Profit/sales ratio Avg. profit

$4,545 54% Livestock Profit/sales ratio Avg. profit

Jobs by Sector Due to FINCA Loan

845 19% Trade % #

1510 34% Services % #

373 8% Manufacturing % #

1,109 25% Crops % #

655 15% Livestock % #

Eurasia Stories

Azerbaijan

Financial Inclusion

Azerbaijan:
Reaching the Financially Excluded