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 had to dramatically scale-back its operations in the country. 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

5,340 21% Female borrowers % #

25,517 Total FINCA clients

15,821 62% Borrowers in rural areas % #

25,517 Total FINCA borrowers

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Living Standards

Azerbaijan:
Quality of Life

7,145 28% Client homes without water % #

0 0% Client homes without electricity % #

14,800 58% Client homes without access to Internet % #

255 1% Clients who don’t own their home % #

754 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

46,258 People employed in FINCA-funded enterprises

30,589 66% Employees hired due to FINCA loan % #

41,771 90% Wages paid above the poverty line % #

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Women’s Empowerment

Azerbaijan:
Empowering Women

5,340 21% Female borrowers % #

1,946 8% Clients with female-headed household % #

3,361 13% Households with female as main earner % #

8,012 31.4% Businesses run by women % #

14,800 32% Women employed by enterprises Avg. #

14,756 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

510 2% Start a business % #

13,422 53% Expand a business % #

281 1% Invest in education % #

6,890 27% Improve their home % #

2,092 8% Buy an asset % #

1,199 5% Pay down debts % #

478 94% Start a business % #

12,252 91% Expand a business % #

246 88% Invest in education % #

4,409 64% Improve their home % #

2,024 97% Buy an asset % #

1,012 84% Pay down debts % #

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Business Activities and Profit

Azerbaijan:
Poverty, Economic Sectors, Jobs and Profits

FINCA Loan Sectors

5,461 21% Trade % #

8,701 34% Services % #

1,888 7% Manufacturing % #

4,542 18% Crops % #

4,925 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

5,753 19% Trade % #

10283 34% Services % #

2,541 8% Manufacturing % #

7,553 25% Crops % #

4,460 15% Livestock % #

Eurasia Stories

Azerbaijan

Financial Inclusion

Azerbaijan:
Reaching the Financially Excluded