Extremely bad economic circumstances and a deteriorating regulatory environment have forced FINCA to drastically reduce its presence in Azerbaijan. Once the largest non-bank credit organization in the country -- and the first to receive a deposit-taking license -- 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.