azərbaycanda mikromaliyyənin müqayisəli təhlili

Azrbaycanda Mikromaliyynin Mqayisli Thlili

Sentyabr 2008-c il

Nigar Pirmmmdova, Azrbaycan Mikromaliyy Assosiasiyasnn Maliyy Meneceri

4-c Azrbaycan Mikromaliyy Konfrans, 16-17 Sentyabr 2008

Azrbaycanda Mikromaliyynin Mqayisli ThliliAzrbaycan Mikromaliyy sektoru zr Mqayisli Thlil layihsi 2005-ci ilin Mix Market tkilatnn texniki dstyi il balamdr. Mqayisli Thlil layihsi rivsind maliyy dstyi gstrn donorlarmz:

BP irkti v onun Azri-raq-nli, ahdniz, Bak-Tbilisi-Ceyhan v Cnubi Qafqaz Boru Kmri layihlrindki trfdalar BMT AzrbaycanAvrasiya Fondu


ffafln artrlmasHkmtin diqqt v dstyini ld edilmsiKapitala xMaliyy bazarna yeni investorlarn clb olunmasMMT-nn hatliyinin artrlmasqtisadiyyatn inkiafna tkan vermsiYoxsulluun azaldlmasMaliyy v sosial faliyytini yaxlladrmaq n mqayisli mlumatn ld olunmasQlobal bklr xlarn artrlmasMqayisli Thlil ny xidmt gstrir?


Hesabat Strukturulk cmalmumi giriMakroiqtisadi gstricilrqtisadi BaxMikromaliyy sektorunun normativ hquqi bazasMqayisli llrhat Dairsi v Miqyas Maliyy Strukturu Gstricilrin ThliliNticlrMqayisli Thlil hesabatn hazrlanmasnda itirak edn tkilatlar haqqnda mlumat


Makroiqtisadi gstricilr

Mnb: Azrbaycan Respublikasnn Dvlt Statistika KomitsiHr adambana dn DM (AZN)/ Real artm tempi % 2001-2007 ci illr zr nflyasiya Drcsi %


Chart1

1513.90.264

2241.10.345

2980.90.25

Hr adambana dn DM

Real artm tempi

Growth data

acronymnamecountryNameClosing_dateCalendar_YearFinancial_Yearmfi_impact_active_clientsmfi_findata_total_loan_portfolio

AgrarcreditAgrarcreditAzerbaijan12200531-Dec-05327412473878

AqroinvestAqroinvestAzerbaijan12200531-Dec-05251437318.96

AzercreditWV Azercredit LLCAzerbaijan12200531-Dec-0558302323324

Azeri StarAzeri Star MicrofinanceAzerbaijan12200531-Dec-053815621440

CredAgroCredAgro Non-Banking Credit InstitutionAzerbaijan12200531-Dec-0512865243021

DAYAQ-CreditNBCO 'DAYAQ-Credit' LLCAzerbaijan12200531-Dec-05828109438

FINCA - AZEFINCA AzerbaijanAzerbaijan12200531-Dec-052887210431890

FinDevFinance for Development LLCAzerbaijan12200531-Dec-052876840825

MFBAMicro Finance Bank of AzerbaijanAzerbaijan12200531-Dec-05545518044974

Mikromaliyye CreditMikromaliyye Credit InstitutionAzerbaijan12200531-Dec-0541251332330

NormicroNorwegian Microcredit LLCAzerbaijan12200531-Dec-0546131590236

ViatorViator Microcredit Azerbaijan LLCAzerbaijan12200531-Dec-0564852229248











NormicroNorwegian Microcredit LLCAzerbaijan12200631-Dec-0645062528965.73


GDP growth&Growth Allocation

DataHr adambana dn DMReal artm tempi

20051513.90.264

20062241.10.345

20072980.90.25

MFI GrowthBorrowersGLPBorrowersGross Loan Portfolio

MFBA29,97866,273,79642%54%

FINCA - AZE24,97825,094,66235%20%

CredAgro5,78321,320,3768%17%

AzerCredit3,5593,844,4395%3%

Other7,0357,286,36310%6%


0.09862195620.04989275650.08107047230.35016051480.4202543003

0.05884658580.03104870220.17218897360.20267110170.5352446367

Other

AzerCredit

CredAgro

FINCA - AZE

MFBA

% of Total Borrowing by Categor

&A

Page &P

Hr adambana dn DM

Real artm tempi

Total Borrowers and GLP

2006ForeignLocal

Lender TypeOutstanding AmtTerm (months)Interest rateOutstanding AmtTerm (months)Interest rate

Commercial Bank0--348,60012.0014.78%

DFI23,744,88661.778.89%0--

Fund40,361,79941.829.31%356,30918.6011.50%

Government0--1,271,67658.832.16%

NGO/Foundation8,405,46232.168.86%143,1584.0014.19%

Grand Total72,512,14747.239.12%2,119,74340.666.62%

2007ForeignLocal


Commercial Bank3,022,48548.009.00%6,337,16712.0012.21%

DFI19,731,52765.488.04%00.000.00%

Fund130,441,24150.809.29%479,31816.1412.99%

Government00.000.00%1,717,45956.880.55%

NGO/Foundation27,305,49066.839.66%00.000.00%

Grand Total180,500,74354.789.20%8,533,94421.269.91%

Outstanding AmtProportion of total

2006200720062007

Foreign Commercial Bank0.03.0what is this from? Unusual to have foreign commercial banks directly lending to MFIsForeign Commercial Bank0.00%1.60%

Foreign DFI23.719.7Foreign DFI31.82%10.44%

Foreign Fund40.4130.4Foreign Fund54.08%69.00%

Foreign NGO/Foundation8.427.3Foreign NGO/Foundation11.26%14.44%

Local Commercial Bank0.36.3Local Commercial Bank0.47%3.35%

Local Fund0.40.5Local Fund0.48%0.25%

Local Government1.31.7Local Government1.70%0.91%

Local NGO/Foundation0.10.0Local NGO/Foundation0.19%0.00%

All local2.18.5


Foreign Fund

Foreign DFI

Foreign NGO/Foundation

Foreign Commercial Bank

All local

2006

2007

DataTotal BorrowersTotal Loan Portfolio in th. of USD

200453,69648,772

200579,38487,999

2006127,700178,623

2007210,904366,061

Source: Mix Market. Results based on a blanced data of 17 MFIs.

&A

Page &P

Total Borrowers

Total Loan Portfolio in th. of USD

Year

Number of Active Borrowers

Total Loan Portfolio in thousandsof USD

Chart1

0.015

0.03

0.04

0.095

0.05

0.083

0.167

0%

Dekabrdan Dekabradk nflyasiya drcsi (%)

Inflation rate

0%

20012%

20023%

20034%

200410%

20055%

20068%

200717%

Inflation rate

0

0

0

0

0

0

0

0%

Dekabrdan Dekabradk nflasiya drcsi (%)

Exchange rate

0.8

20000.91%

20010.96%

20020.98%

20030.98%

20040.98%

20050.92%

20060.87%

Exchange rate

0

0

0

0

0

0

0

0.8

Exchange rate to USD (new manat)

Mikromaliyy sektorunun normativ hquqi bazas

Milli Bankn rhbrliyinin dstyi v AB-n Beynlxalq nkiaf Agentliyinin Maliyy Sektorunun nkiaf vasitsil Kiik v Orta Sahibkarla Dstk layihsi rivsind Azrbaycan Mikromaliyy Assosiasiyasnn n qabaql zvlrdn olan bir ne MMT-nn nmayndlrindn Bank olmayan kredit tkilatlar haqda qanunun layihsinin trtib edilmsi il laqdar i Qrupu yaradlmdr.

Bu qanun layihsinin hazrlanmasnda sas mqsd Mikrokreditlrin verilmsi n daha lverili mhitin yaradlmas v Bank olmayan Kredit Tkilatlar trfindn yoxsul tbqlr tqdim olunan maliyy xidmtlrin eidini artraraq xidmt gstrilmsin zmant yaratmaqdr.

Milli Mclis bu mvafiq qanunu tsdiq etdiyi tqdird,qeyri-bank kredit tkilatlar aadak tlblrl zlckdir:

Yksk kapital tlblri: Qanun layihsinin 7.2-ci maddsin sasn zmantli mantlr saxlayan qeyri-bank kredit tkilatlar n minimum kapital tlbi 250.000 AZN-dn (302.500 AB dollar), zmantli mantlr toplamayanlar n is 25.000 AZN-dn (30.250 AB dollar) az olmamaldr. Hal-hazrda, kapital tlblri 6.050 AZN (5.000 AB dollar) tkil edir.

AMB-nin mikromaliyy mliyyatlarna daha ox clb edilmsi v onlara nzart etmsi


Azrbaycan Mikromaliyysi gncdir Mikromaliyy sektoru Azrbaycanda artq 10 il mvcddr

MMT orta ya 7,5 ildir

15 Mikromaliyy tkilatlar, 12 kommersiya banklar v 40 Kredit ttifaqlar mikromaliyy sektorunda xidmt gstrir


hat Dairsi v Miqyas

Fal Borcalanlarn saynda v mumi Kredit Portfelin hcmind son illrd artim mahid olunur v bu rqm bymkddirMnb: 31 dekabr 2007-ci il olan AMA Matrix statistik cdvli v Mix Market tkilatndan mqayisli gstricilr haqda mlumat


Chart1

Growth data



























DataGDP per capitaReal growth rate

20051513.90.264

20062241.10.345

20072980.90.25


MFBA29,97866,273,79642%54%

FINCA - AZE24,97825,094,66235%20%

CredAgro5,78321,320,3768%17%

AzerCredit3,5593,844,4395%3%

Other7,0357,286,36310%6%


0.09862195620.04989275650.08107047230.35016051480.4202543003

0.05884658580.03104870220.17218897360.20267110170.5352446367

Other

AzerCredit

CredAgro

FINCA - AZE

MFBA


00

00

00

&A

Page &P

GDP per capita

Real growth rate


2006ForeignLocal


Commercial Bank0--348,60012.0014.78%

DFI23,744,88661.778.89%0--

Fund40,361,79941.829.31%356,30918.6011.50%

Government0--1,271,67658.832.16%

NGO/Foundation8,405,46232.168.86%143,1584.0014.19%

Grand Total72,512,14747.239.12%2,119,74340.666.62%

2007ForeignLocal


Commercial Bank3,022,48548.009.00%6,337,16712.0012.21%

DFI19,731,52765.488.04%00.000.00%

Fund130,441,24150.809.29%479,31816.1412.99%

Government00.000.00%1,717,45956.880.55%

NGO/Foundation27,305,49066.839.66%00.000.00%

Grand Total180,500,74354.789.20%8,533,94421.269.91%


2006200720062007









All local2.18.5


00000

00000

Foreign Fund

Foreign DFI



All local

00

00

00

00

00

00

00

00

2006

2007

DataCmi Borcalanlarmumi Kredit Potfeli (min AB)

200453,69648,772

200579,38487,999

2006127,700178,623

2007210,904366,061


00

00

00

00

&A

Page &P

Cmi Borcalanlar

mumi Kredit Potfeli (min AB)

l

Cmi mtrilrin say

mumi Kredit Potfeli (min AB)

Chart2

89646866009

68826612780

63654693381

39393569315

Cmi Mtrilrin say

mumi Kredit Portfeli mln AB dollar

Fal borcalanlarn say

mumi Kredit Portfelin hcmi mln AB dollar

Fal Borcalanlarn say v mumi Kredit Portfelin hcmi 2007-ci il

Growth data



























DataGDP per capitaReal growth rate

20051513.90.264

20062241.10.345

20072980.90.25


MFBA29,97866,273,79642%54%

FINCA - AZE24,97825,094,66235%20%

CredAgro5,78321,320,3768%17%

AzerCredit3,5593,844,4395%3%

Other7,0357,286,36310%6%


0.09862195620.04989275650.08107047230.35016051480.4202543003

0.05884658580.03104870220.17218897360.20267110170.5352446367

Other

AzerCredit

CredAgro

FINCA - AZE

MFBA


&A

Page &P

GDP per capita

Real growth rate


2006ForeignLocal


Commercial Bank0--348,60012.0014.78%

DFI23,744,88661.778.89%0--

Fund40,361,79941.829.31%356,30918.6011.50%

Government0--1,271,67658.832.16%

NGO/Foundation8,405,46232.168.86%143,1584.0014.19%

Grand Total72,512,14747.239.12%2,119,74340.666.62%

2007ForeignLocal


Commercial Bank3,022,48548.009.00%6,337,16712.0012.21%

DFI19,731,52765.488.04%00.000.00%

Fund130,441,24150.809.29%479,31816.1412.99%

Government00.000.00%1,717,45956.880.55%

NGO/Foundation27,305,49066.839.66%00.000.00%

Grand Total180,500,74354.789.20%8,533,94421.269.91%


2006200720062007









All local2.18.5


Foreign Fund

Foreign DFI



All local

2006

2007

DataCmi Mtrilrin saymumi Kredit Portfeli mln AB dollar

Azrbaycan8,9646,866,009

Ermnistan6,8826,612,780

Grcstan6,3654,693,381

Mrkzi Asiya3,9393,569,315


&A

Page &P

Cmi Mtrilrin say

mumi Kredit Portfeli mln AB dollar


mumi Kredit Portfelin hcmi mln AB dollar

Fal Borcalanlarn say v mumi Kredit Portfelin hcmi 2007-ci il

Chart2

7041373142250

120960139767756

254854384140533


mumi Kredit Portfelin hcmi AB dollar

Fal Borcalanlarn say

mumi Kredit Potfelin hcmi

Fal Borcalanlarn say v mumi Kredit Portfelin hcmi (mln) 2005-2007

Charts

Sum of outstanding AmtSum of termfinalSum of intrate

DFI23,419,05161.778.89%

Fund39,968,55341.829.31%

NGO/Foundation8,233,14632.168.86%

Sum of Outstanding AmtSum of termfinalSum of intrate

Commercial Bank320,01012.0014.78%

Fund219,75324.0211.02%

Government1,339,46955.2310.89%

NGO/Foundation130,7024.0014.19%

2005 - 2006

AzerbaijanCentral Asia

Outreach-2.1%26%

GLP33.4%42%

ALB63%13%

Debt/Equity250%18%

OSS14.7%8%

Productivity15%1%

Portfolio Outstanding

MFBA53%

Finca26%

CredAgro11%

AzerCredit10%

Viator4%

Active Clients

Finca58%

MFBA15%

Viator11%

AzerCredit10%

AzeriStar6%

Fal borcalanlarn say v mumi Kredit Portfelin hcmi

200520062007

Fal borcalanlarn say70413120960254854

mumi Kredit Portfelin hcmi AB dollar73142250.0139767756.0384140533.0

Charts

000

000

000

&A

Page &P

Sum of outstanding Amt

Sum of termfinal

Sum of intrate

Sum of outstanding Amount mln. USD

Sum of intrate

Foreign investments

000

000

000

000

&A

Page &P

Sum of Outstanding Amt

Sum of termfinal

Sum of intrate

Sum of outstanding Amount mln. USD

Sum of intrate

Local investments

MFBAMFBAMFBAMFBAMFBA0.5296928395

FincaFincaFincaFincaFinca0.2607617389

CredAgroCredAgroCredAgroCredAgroCredAgro0.1105079285

AzerCreditAzerCreditAzerCreditAzerCreditAzerCredit0.0557240602

ViatorViatorViatorViatorViator0.043313433

Portfolio Outstanding

FincaFincaFincaFincaFinca0.5832239967

MFBAMFBAMFBAMFBAMFBA0.1456955025

ViatorViatorViatorViatorViator0.1125952272

AzerCreditAzerCreditAzerCreditAzerCreditAzerCredit0.1004110128

AzeriStarAzeriStarAzeriStarAzeriStarAzeriStar0.0580742607

Active Clients

00

00

00

&A

Page &P


mumi Kredit Portfelin hcmi AB dollar

Fal Borcalanlarn say

mumi Kredit Potfelin hcmi

Fal Borcalanlarn say v mumi Kredit Portfelin hcmi 2005-2007

MBD0015EDF8.xls

Chart3

-0.0210.26

0.3340.42

0.630.13

2.4980.18

0.1470.08

0.1490.01

Azerbaijan 2005-2006

Central Asia 2005-2006

Trends - by country

increasing sample (47 MFIs in 2006)

outreach

MFIsCalendar_Year

category2003200420052006

Kazakhstan812141420.5%

Kyrgyzstan99121210.1%

Tajikistan810141420.5%

Uzbekistan88880.0%

Grand Total3339484813.3%

outreachCalendar_Year

category2003200420052006Annual Growth Rates

Kazakhstan8,55514,44921,78329,636KAZ51.3%

Kyrgyzstan52,69959,37280,534112,690KGZ28.8%

Tajikistan18,85222,52328,22342,572TAJ31.2%

Uzbekistan12,12922,35930,16128,572UZB33.1%

Grand Total92,235118,703160,701213,470Total32.3%

glpCalendar_Year

category2003200420052006

Kazakhstan5,966,07710,786,34218,162,91437,047,25583.8%

Kyrgyzstan40,312,67653,588,71573,842,04995,788,28633.4%

Tajikistan2,643,9414,886,74211,807,94223,971,804108.5%

Uzbekistan1,398,9582,975,3794,439,2383,799,41639.5%

Grand Total50,321,65272,237,178108,252,143160,606,76147.2%

alb/borrowerCalendar_Year

category2003200420052006

Kazakhstan6977478341,25021.5%

Kyrgyzstan7659039178503.6%

Tajikistan14021741856358.9%

Uzbekistan1151331471334.9%

Grand Total

debt/equity ratioCalendar_Year

category2003200420052006

Kazakhstan0.530.721.322.8575.6%

Kyrgyzstan1.131.882.412.0121.2%

Tajikistan0.170.251.141.47106.9%

Uzbekistan0.090.100.410.04-21.9%

Grand Total

OSSCalendar_Year

category2003200420052006

Kazakhstan125%126%141%144%4.9%

Kyrgyzstan164%162%139%151%-2.7%

Tajikistan133%116%120%134%0.0%

Uzbekistan105%124%145%172%18.0%

Grand Total

ProductivityCalendar_Year

category2003200420052006

Kazakhstan536569646.5%

Kyrgyzstan788177832.1%

Tajikistan108655455-20.4%

Uzbekistan92818877-5.7%

Grand Total

PAR > 30Calendar_Year

category2003200420052006

Kazakhstan1.5%1.1%0.4%0.7%-23.4%

Kyrgyzstan1.6%2.0%3.0%2.4%13.0%

Tajikistan1.2%1.1%0.2%0.6%-20.9%

Uzbekistan0.5%2.3%1.7%3.3%88.2%

Grand Total

Trends - by category

same MFIsincreasing sample (47 MFIs in 2006)

outreach

MFIsCalendar_YearMFIsCalendar_Year

category2003200420052006category2003200420052006

large245426.0%large246525.7%

medium111211110.0%medium111315158.1%

small141315152.3%small1416212110.7%

tiny6423-20.6%tiny66673.9%

Grand Total33333333Grand Total333948489.8%CAGR

outreachCalendar_YearoutreachCalendar_Year


large49,58476,83498,957119,60334.1%large49,58476,834111,178141,40441.8%

medium37,61335,27633,49847,1597.8%medium37,61336,56543,79464,93820.0%

small4,7483,8144,1484,640-0.8%small4,7484,9145,4276,70312.2%

tiny29028792168-16.6%tiny29039030242513.6%

Grand Total92,235116,211136,695171,57023.0%Grand Total92,235118,703160,701213,47032.3%CAGR

glpCalendar_YearglpCalendar_Year


large35,127,24052,233,31373,963,167107,089,07545.0%large35,127,24052,233,31377,688,564114,086,85248.1%

medium8,508,47412,831,16916,048,39421,538,70736.3%medium8,508,47413,472,86122,131,91434,042,56158.8%

small5,906,8664,916,0706,669,3008,738,26313.9%small5,906,8665,952,8488,088,24211,887,46826.3%

tiny779,072342,703143,106282,709-28.7%tiny779,072578,156343,423589,880-8.9%

Grand Total50,321,65270,323,25596,823,967137,648,75439.9%Grand Total50,321,65272,237,178108,252,143160,606,76147.2%

alb/borrowerCalendar_Yearalb/borrowerCalendar_Year


large7086807478958.1%large7086806998074.4%

medium22636447945726.4%medium22636850552432.3%

small1,2441,2891,6081,88314.8%small1,2441,2111,4901,77312.5%

tiny2,6861,1941,5561,683-14.4%tiny2,6861,4821,1371,388-19.8%

Grand TotalGrand Total

debt/equity ratioCalendar_Yeardebt/equity ratioCalendar_Year


large1.492.242.122.8323.8%large1.492.242.272.4818.4%

medium0.120.131.571.28121.4%medium0.120.121.191.21117.2%

small0.500.981.060.7815.9%small0.500.641.010.8920.7%

tiny0.750.380.620.854.4%tiny0.750.310.500.989.3%


OSSCalendar_YearOSSCalendar_Year


large162%148%149%158%-0.7%large162%148%144%155%-1.4%

medium158%157%120%143%-3.2%medium158%155%124%137%-4.6%

small99%126%131%135%10.7%small99%107%126%125%8.2%

tiny215%195%133%132%-15.0%tiny215%174%143%140%-13.4%


ProductivityCalendar_YearProductivityCalendar_Year


large931099091-0.5%large931098689-1.4%

medium92597170-8.5%medium92596361-13.0%

small273331314.3%small27212524-4.4%

tiny1221132425.7%tiny1219121813.6%


PAR > 30Calendar_YearPAR > 30Calendar_Year


large1.5%2.0%1.8%1.3%-5.8%large1.5%2.0%1.7%1.2%-7.2%

medium1.9%1.3%5.7%4.4%31.3%medium1.9%1.3%4.2%3.0%15.5%

small1.6%2.5%1.0%2.3%14.2%small1.6%2.1%0.9%3.2%26.1%

tiny0.0%0.4%6.0%4.9%553.6%tiny0.0%1.4%2.5%2.7%437.2%


outreach - same categoriesCalendar_YearoutreachCalendar_Year

category2003200420052006category2003200420052006Annual Growth Rates

large62,15072,55788,762119,60324.4%large54%65%69%66%large41.8%

medium26,46139,55343,69347,69021.7%medium41%31%27%30%medium20.0%

small3,4953,8824,0474,1095.5%small5%4%3%3%small12.2%

tiny1292191931689.2%tiny0%0%0%0%tiny13.6%

Grand Total92,235116,211136,695171,570Grand Total100%100%100%100%Total32.3%

Overall Trends

same MFIs

Central Asia

category2003200420052006200420052006

MFIs333333332006 growth4yr ratesMFIs999

Outreach92,235116,211136,695171,57026%23.0%Outreach

GLP50,321,65270,323,25596,823,967137,648,75442%39.9%GLP1,417,1042,229,2482.974696

ALB54660570880213%13.7%Debt/Equity0.30.41.6

Debt/Equity0.901.311.892.2218%35.3%OSS129.80%120.50%138.20%

OSS149%148%141%153%8%0.8%Productivity

Productivity818180801%-0.2%PAR>301%0.50%0.50%

PAR > 301.6%1.9%2.4%1.8%-24%5.2%

2003 - 20062005 - 2006

ECA allCentral AsiaECA allCentral AsiaAnnual Growth Rates

Outreach36%23%34%26%Africa20.9%2005 - 2006

GLP57%40%64%42%Asia22.2%AzerbaijanCentral Asia

ALB16%14%22%13%ECA35.5%Outreach-2.1%26%

Debt/Equity17%35%10%18%LAC22.2%GLP33.4%42%

OSS0%1%-1%8%MENA45.4%ALB63%13%

Productivity6%-0%4%1%Total23.3%Debt/Equity250%18%

33 MFIs101 MFIsOSS14.7%8%

Productivity15%1%

category20032004200520064 year %05-06 growth

AfricaMFIs56555656

AsiaMFIs83838384

ECAMFIs104104104104

LACMFIs78797980

MENAMFIs22222222

WorldMFIs343343344346

AfricaOutreach1,476,9251,779,4642,119,0392,607,61420.9%23.1%

AsiaOutreach12,084,86414,291,12017,278,11622,054,32822.2%27.6%

ECAOutreach597,722828,2671,108,4541,488,28735.5%34.3%

LACOutreach3,038,9343,696,3714,469,6795,548,90122.2%24.1%

MENAOutreach443,516647,907899,6611,364,69645.4%51.7%

WorldOutreach17,641,96121,243,12925,874,94933,063,82623.3%27.8%

AfricaGLP377,130,011542,919,128698,812,763954,175,40636.3%36.5%

AsiaGLP2,456,865,2172,993,079,8653,600,597,2704,755,004,14224.6%32.1%

ECAGLP905,795,2171,524,885,6992,136,786,9193,505,764,57857.0%64.1%

LACGLP2,309,732,4503,201,882,3274,379,699,7125,912,945,01236.8%35.0%

MENAGLP142,578,662207,128,621291,047,163570,646,10958.8%96.1%

WorldGLP6,192,101,5578,469,895,64011,106,943,82715,698,535,24736.4%41.3%

AfricaALB25530533036612.7%11.0%

AsiaALB2032092082162.0%3.5%

ECAALB1,5151,8411,9282,35615.8%22.2%

LACALB7608669801,06611.9%8.7%

MENAALB3213203244189.2%29.3%

WorldALB35139942947510.6%10.6%

AfricaDebt/Equity2.603.163.443.8914.3%13.0%

AsiaDebt/Equity8.278.308.4410.127.0%19.9%

ECADebt/Equity3.594.235.165.7016.6%10.4%

LACDebt/Equity3.035.435.635.2219.9%-7.3%

MENADebt/Equity0.340.450.761.3759.9%80.2%

WorldDebt/Equity4.485.265.635.949.8%5.6%

AfricaicaOSS115%121%120%123%2.2%2.1%

AsiaOSS126%134%135%141%3.8%4.3%

ECAOSS121%121%122%121%0.0%-1.0%

LACOSS125%125%124%130%1.4%5.1%

MENAOSS121%136%135%120%-0.2%-11.3%

WorldOSS124%128%127%132%1.9%3.2%

AfricaProductivity1641621661701.2%2.7%

AsiaProductivity1691561692107.4%24.0%

ECAProductivity657074775.9%4.5%

LACProductivity214155151152-10.8%0.5%

MENAProductivity13416617419613.5%12.3%

WorldProductivity1651491571803.1%14.8%

AfricaPAR > 308.2%7.3%8.4%5.6%-11.7%-33.0%

AsiaPAR > 306.0%5.2%4.3%4.3%-10.3%0.9%

ECAPAR > 301.3%0.9%1.3%1.5%4.8%9.3%

LACPAR > 302.3%3.6%7.7%4.7%27.1%-39.0%

MENAPAR > 302.5%2.4%1.8%1.4%-17.1%-21.9%

WorldPAR > 304.0%3.9%5.2%3.8%-1.6%-27.7%

OutreachAFR20%19%23%

OutreachAsia18%21%28%

OutreachECA39%34%34%

OutreachLAC22%21%24%

OutreachMENA46%39%52%

OutreachWorld20%22%28%

2003200420052006

Balkans181,932273,056360,187510,09741%

Caucasus123,693162,795229,987312,65036%

CEE54,22189,352129,261174,54648%

Central Asia92,235116,211136,695171,57023%

Russia145,641186,853252,324319,42430%

Total597,722828,2671,108,4541,488,28736%

Balkans50%32%42%

Caucasus32%41%36%

CEE65%45%35%

Central Asia26%18%26%

Russia28%35%27%

Total39%34%34%

Financial Revenue Ratiototal expFinancial Expense RatioOperating Expense RatioLoan Loss Provision Expense Ratio

200338.2%21.0%1.1%19.4%0.3%

200438.9%26.3%0.1%22.4%0.3%

200534.1%22.8%0.8%19.0%0.3%

200633.7%24.4%2.5%19.6%0.5%

finrevKazakhstanKyrgyzstanTajikistanUzbekistan

200432%31%36%58%

200538%27%34%58%

200632%26%38%60%

finrevKazakhstanKyrgyzstanTajikistanUzbekistan

200411%26%25%35%

200513%17%23%34%

200613%23%20%19%

Overall Trends

00

00

00

00

00

00

&A

Page &P

Azerbaijan 2005-2006

Central Asia 2005-2006

Graphs

Financing structure

countECACAECACA

large3550.29166666670.1020408163

medium47140.39166666670.2857142857

small31230.25833333330.4693877551

tiny770.05833333330.1428571429

total12049

has this increased financing turned into higher loan balances?

Graphs

0.8977929863.5909337296

1.30918407484.2271966331

1.88763890315.1601035597

2.22121847615.6956434408

Central Asia

ECA

Debt/Equity Ratios

1.49225044330.11812712440.50403089620.7513543797

2.2401446330.11907550330.64487386580.3074264964

2.27023735551.18872610881.01339232420.5018399115

2.47719143011.2105475380.88710130110.9800833865

large

medium

small

tiny

Debt/Equity Ratios by Size

0.52677694481.12841023280.16552132070.0914173652

0.71634713851.88146717190.24778181050.0980453687

1.31764396632.41176146611.1355337760.4093147902

2.85414933922.00903066011.46673024050.0436309013

Kazakhstan

Kyrgyzstan

Tajikistan

Uzbekistan

Debt/Equity Ratios by Country

697.3789596727764.9609290499140.247241672115.3399290956

746.511315662902.5923836152216.9667646406133.072990742

833.8114125694916.9052698239418.3801155086147.1847087298

1250.0760898907850.0158487887563.0885088791132.976900462

Kazakhstan

Kyrgyzstan

Tajikistan

Uzbekistan

Average Loan Balances by Country

708.4390125847226.21099088081244.07455770852686.4551724138

679.8203009085368.46332394371211.40577940581482.4512820513

698.7764125996505.36406813721490.37073889811137.1622516556

806.8148850103524.23174412521773.45487095331387.9529411765

large

medium

small

tiny

Average Loan Balances by Size

00

00

00

00

ECA

CA

9223559772250321652905795216.96

11621182826770323255.441524885698.7

1366951108454968239672136786918.96

17157014882871376487543505764578.32

&A

Page &P

Outreach

#REF!

GLP

#REF!

545.5808749391515.4122099571350.9871469053

605.13424236951841.0557208002398.712244308

708.32120414061927.7181723012429.2547137584

802.28917642942355.5702484266474.7948784669

Central Asia

ECA

World

USD

Average Loan Balances in ECA

8555526991885212129

14449593722252322359

21783805342822330161

296361126904257228572

Kazakhstan

Kyrgyzstan

Tajikistan

Uzbekistan

Outreach (Borrowers) by Country

0.53758334690.40779530550.0514772050.0031441427

0.64727934420.30803770760.04139743730.0032855109

0.69183141360.27251852820.03377079170.0018792665

0.66240689560.30420199560.03140019670.0019909121

large

medium

small

tiny

0.20484384790.1825635770.3857060640.21633803170.4608424499

0.19082993530.20901063040.33828101320.2092073550.3885650255

0.23056442090.27643129610.3426691590.24145402840.5169002547

AFR

Asia

ECA

LAC

MENA

Growth Rates by Region

0.3819450.1944680.00256550.0112505

0.3887370.22381550.0034430.0011275

0.3408750.1896490.0030540.007655

0.3373410.196040.0045050.024946

Financial Revenue Ratio

Operating Expense Ratio

Loan Loss Provision Expense Ratio

Financial Expense Ratio

Financial Margins - Central Asia

0.3189080.3125420.3550890.5751525

0.3829960.2731570.3439260.575436

0.31796050.2615740.3793690.601843

Kazakhstan

Kyrgyzstan

Tajikistan

Uzbekistan

Financial Revenues by Country

0.10713750.26222850.251260.3540805

0.13235650.1669790.2321080.338618

0.1308950.23230450.2028680.191867

Kazakhstan

Kyrgyzstan

Tajikistan

Uzbekistan

Operating Expenses by Country

1.14956440551.2589443311.21045051131.24578634191.20893602391.4936262418

1.20740944781.33730815931.21394708761.24916922341.35669510091.4776764946

1.2037211091.35110419721.22361620871.23674424791.35261078831.4145885929

1.22877436361.40891536221.21188648791.3002121851.20003830851.5290914798

AFR

Asia

ECA

LAC

MENA

Central Asia

92.680373831891.963325183427.287356321812.0833333333

108.984397163159.358766233821.090128755418.5714285714

86.318322981462.742120343824.780821917812.08

88.821608040260.520037278723.854092526717.7083333333

large

medium

small

tiny

Productivity (Total Staff) by Size

hat Dairsi v Miqyas

Finca AZE v AMMB mikromaliyy sektorunda n ox sayda fal mtrilr v mumi Kredit Portfelin malikdirlr

Finca AZE v AMMB maliyy bazarn 75% hat edirlr

Yeni inkiaf: CredAgro MMT-n srtli/geni artmFal mtriln say v mumi Kredit Potfelin hcmi %


Azrbaycan Mikromaliyysi inkiaf edirOrta kredit mblind son illrd artm mahid olunur v bu rqm bymkddir

Orta Kredit Mbli AB dollar


Chart1

335523.5584518

399617.5649.5434

561755.51034529

7789571150703

Azrbaycan

Ermnistan

Grcstan

Mrkzi Asiya

AB dollar

lklr zr hr bir mtriy dn Orta Kredit Mbli 2004-2007

AZE

namecountryIDcountryNameClosing_dateCurrencyDiamonds_level_overallDiamonds_yearlyMFI_AgeCalendar_YearFinancial_YearDefault_ManagerSpecific_managermfi_general_establishedmfi_general_legalstatus_optionsmfi_general_legalstatus_othermfi_general_legalstatus_sincemfi_general_product_optionsmf_services_percentagemfi_other_services_providedmfi_general_funding_sourcesmfi_general_largest_funding_source_namemfi_impact_total_clientsoutreach_total_staffmfi_impact_active_clientsoutreach_loans_female_borrowersmfi_impact_number_deposit_accountsmfi_impact_loans_under_300_usdoutreach_depth_below_povertylineoutreach_depth_half_populationoutreach_depth_households_1USDoutreach_starting_first_enterprisemfi_oi_governance_directors_compositionmfi_oi_governance_seniormanagement_compositionmfi_oi_governance_branchmanagement_compositionmfi_oi_governance_loanofficer_compositionmfi_oi_personnel_compositionfindata_currencyidmfi_findata_currency_unitmfi_findata_total_assetmfi_findata_total_loan_portfoliomfi_findata_provision_non_performingmfi_findata_total_liabilitiesmfi_findata_total_equitymfi_findata_total_savingsmfi_findata_total_portfolio_risk_30findata_writeoffs_12mfi_findata_total_interest_incomefindata_other_operating_incomefindata_operating_expensefindata_financial_expensefindata_loan_loss_provision_expensefindata_tax_expensefindata_mfi_donationsfindata_non_operating_incomefindata_non_operating_expensemfi_findata_rated_optionsmfi_finance_audited_accountsmfi_finance_auditor_namemfi_finance_auditor_name_othermfi_finance_compliance_cgap_disclosuremfi_finance_compliance_cgap_disclosure_sourcemfi_finance_compliance_cgap_disclosure_otherLOCAL_findata_currencyidLOCAL_mfi_findata_currency_unitLOCAL_mfi_findata_total_assetLOCAL_mfi_findata_total_loan_portfolioLOCAL_mfi_findata_provision_non_performingLOCAL_mfi_findata_total_liabilitiesLOCAL_mfi_findata_total_equityLOCAL_mfi_findata_total_savingsLOCAL_mfi_findata_total_portfolio_risk_30LOCAL_findata_writeoffs_12LOCAL_mfi_findata_total_interest_incomeLOCAL_findata_other_operating_incomeLOCAL_findata_operating_expenseLOCAL_findata_financial_expenseLOCAL_findata_loan_loss_provision_expenseLOCAL_findata_tax_expenseLOCAL_findata_mfi_donationsLOCAL_findata_non_operating_incomeLOCAL_findata_non_operating_expenseLOCAL_mfi_findata_rated_optionsLOCAL_mfi_finance_audited_accountsLOCAL_mfi_finance_auditor_nameLOCAL_mfi_finance_auditor_name_otherLOCAL_mfi_finance_compliance_cgap_disclosureLOCAL_mfi_finance_compliance_cgap_disclosure_sourceLOCAL_mfi_finance_compliance_cgap_disclosure_othermfi_request_investmentrequest_investment_othermfi_general_supervisedlist_region_worldnet_loan_portfoliototal_liabilities_equitybs_controltotal_operating_incometotal_operating_expensenet_operating_incomenet_non_operating_incomenet_income_before_donationsnet_income_before_taxes_and_donationsnet_income_after_taxes_before_donationsnet_income_after_taxes_and_donationsnet_income_before_taxnet_income_after_taxroaroeoperational_self_sufficiencyprofit_marginnet_interest_margin_ratiostaff_productivitysavers_per_staff_memberadministrative_efficiencypar_30_daysloan_loss_reserve_ratiowrite_off_ratioaverage_assetsaverage_gross_loan_portfolioaverage_equityaverage_staffaverage_balance_borroweraverage_balance_borrower_per_capitagdp_per_capitaaverage_balance_saveraverage_balance_saver_div_capita_gdppercentage_female_borrowersaverage_number_active_borrowerscost_per_borrowercapital_asset_ratiodebt_equity_ratiodeposits_to_loansdeposits_to_total_assetsgross_loan_pf_to_total_assetsfinancial_revenue_ratiototal_expense_ratiofinancial_expense_ratiooperating_expense_ratioloanlossprovision_expense_ratiorisk_coverage_ratioUSD_net_loan_portfolioUSD_total_liabilities_equityUSD_bs_controlUSD_total_operating_incomeUSD_total_operating_expenseUSD_net_operating_incomeUSD_net_non_operating_incomeUSD_net_income_before_donationsUSD_net_income_before_taxes_and_donationsUSD_net_income_after_taxes_before_donationsUSD_net_income_after_taxes_and_donationsUSD_net_income_before_taxUSD_net_income_after_taxUSD_roaUSD_roeUSD_operational_self_sufficiencyUSD_profit_marginUSD_net_interest_margin_ratioUSD_staff_productivityUSD_savers_per_staff_memberUSD_administrative_efficiencyUSD_par_30_daysUSD_loan_loss_reserve_ratioUSD_write_off_ratioUSD_average_assetsUSD_average_gross_loan_portfolioUSD_average_equityUSD_average_staffUSD_average_balance_borrowerFinancial expense ratioGLPfin. Exp. Ratio

CredAgro Non-Banking Credit InstitutionAZAzerbaijan12AZM554200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2000non-bank-financeNULLNULLNULL31-40NULLNULLACDI/VOCA, USAID1070531070460NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1413000038280004850075454122455034557784743000036500001100002300000noyespricewaterhouseTID ConsultingNULLNULLNULLUSD1413000038280004850075454122455034557784743000036500001100002300000noyespricewaterhouseTID ConsultingNULLNULLNULLNULLNULLyesNULL37795004130000074300036500036700003670003670003670003900003900003900000.0921190.092521.9760640.4939430.1864972000.102080.0090270.012670.0002193983986357561939667215235783.76586950NULLNULL0.0431008362.30.9981730.00183000.9268770.1864970.09437800.0916170.0027611.40347837795004130000074300036500036700003670003670003670003900003900003900000.0921190.092521.9760640.4939430.1864972000.102080.0090270.012670.0002193983986357561939667215235780105931990

Umid-Credit (Umid HSSC)AZAzerbaijan12AZN231200412/31/2004 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)2003non-bank-financeNon bank credit organizationNULLNULL91-100NULLNULLNULL277NULL277NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL46000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL46000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL1660.17481950NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL166441570.250.001

Norwegian Microcredit LLCAZAzerbaijan12AZM556200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL2002NULL91-100NULLNULLEBRD, Planet Finance, Oikocredit, SFDI (World Bank), Kolibri Kapital, Blue Orchard, Microcredit Enterprises, Deutsche Bank, Cyrano, Developing World Markets, Microvest and Kiva.414725414717800NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD113370331249168033936699766701578610814403941028577050009679010561500noyesotherF.N Audit Service Ltd.NULLNULLNULLUSD113370331249168033936699766701578610814403941028577050009679010561500noyesotherF.N Audit Service Ltd.NULLNULLNULLNULLNULLnoNULL12491681337033040394128577010349201034921034921034922091072091072091070.0871360.1159721.3444580.2562060.33589416600.2605030.01263700.0098581187701109699289238924.53010.31708950NULLNULL0.429394972.40.746180.34016000.9342840.3401030.2529670.004210.2406080.008149012491681337033040394128577010349201034921034921034922091072091072091070.0871360.1159721.3444580.2562060.33589416600.2605030.01263700.0098581187701109699289238924.53010.00421169743760.0364

Azeri Star MicrofinanceAZAzerbaijan12USD531200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2003non-bank-financeNULLNULLNULL91-100NULLNULLUSAID / Save the Children grant375536375515140100NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1611618525443210180611618021531602248170222060499804319509133nonoNULLNULLfullyboardNULLAZM13002484138257944382410317912803002484138010569258786435312182873801090111190245356020212047833044834664nonoNULLNULLfullyboardNULLNULLNULLyesNULL247626469630024841380121828738109011119-11717983-44834664-56552647-56552647-56552647155495186155495186155495186-0.004625-0.0046250.912256-0.0961840.04808710400.0479180.0040970.0400010.00345725335244892274929772253352448930686936723.09029950NULLNULL0.403347631365.610000.8591030.0480870.05271200.0430270.0096849.76219250442561161802481722206-2387-9133-11520-11520-11520316753167531675-0.004626-0.0046260.912256-0.0961840.04809410400.0479270.0040970.0400010.0034585160074633345160073014005254430

AgrarcreditAZAzerbaijan12AZM332200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2002non-bank-financeClosed Joint Stock CompanyNULLNULL61-70NULLNULLWorld Bank, Fund to Aid Entrepreneurship55001583136157NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD13319984110593199162036312864315203355264040693922351NULL8459012011903192172308228830000noyesNULLDeloitte & Touche LLCNULLNULLNULLAZM10000001629808000005200290000079545000006315200000099828800000198361000004527900000NULL415260000098766000009433900000040396000000000noyesNULLDeloitte & Touche LLCNULLNULLNULLNULLTechnical assistanceyesNULL44048400000162980800000014029200000943390000055570000005557000005557000005557000005557000005557000005557000000.0036720.0061781.0412440.039610.02743720NULL0.190340.087070.152963NULL15134935000049563300000899536500001411658255717455.32358950NULLNULL0.0531782968969.30.6125190.6326030.3814420.1217080.3190740.0926940.08902300.0623320.0266911.75677589728363319984102857804192172311319801131981131981131981131981131981131980.0036720.0061791.0412440.039610.02744220NULL0.1903760.087070.152963NULL3082488010094358183207151413378038280000

AqroinvestAZAzerbaijan12AZM543200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2001cooperativeNULLNULLNULL41-50NULLNULLSFDI (WB Project)65552508807.63135.43NULL61.44NULLNULLNULLNULLNULLUSD1429826.83441570.2617833.37303128.9126697.93017844NULL77488.88050876.2396.2917833.372011.83000noyesotherMammad LLCpartiallyboardNULLUSD1429826.83441570.2617833.37303128.9126697.93017844NULL77488.88050876.2396.2917833.372011.83000noyesotherMammad LLCpartiallyboardNULLNULLNULLyesNULL423736.89429826.83077488.8850876.28383.0208383.028383.026371.196371.198383.026371.190.0161730.0504461.1213070.1081840.1956925000.127730.040410.040386NULL3939483983121262974.517661.85924950NULLNULL0.352203250.60.2947652.392532001.0273210.1966980.1754190.0010060.1291440.0452680.999404423736.89429826.83077488.8850876.28383.0208383.028383.026371.196371.198383.026371.190.0161730.0504461.1213070.1081840.1956925000.127730.040410.040386NULL3939483983121262974.517660.00100630434750.0331

Mikromaliyye Credit InstitutionAZAzerbaijan12AZM540200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULL91-100NULLNULLIFAD16221416165670100NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD142126730122504145946673000868809939845760010187400noyesotherRehber Audit AzerbaijanfullyauditorNULLAZM1000206803500014787400000203527500032760000000426500000487955000224650000050011000000noyesotherRehber Audit AzerbaijanfullyauditorNULLNULLNULLyesNULL14787400002068035000042650000487955000-4677700000-467770000-467770000-467770000323400003234000032340000NULLNULL0.083559-10.967644NULL1150NULL00NULLNULLNULLNULLNULL915062963.22303950NULLNULL0.351NULLNULL0.01584162.126832000.715046NULLNULLNULLNULLNULLNULL3012254212670868899398-952860-95286-95286-95286658865886588NULLNULL0.083559-10.967541NULL1150NULL00NULLNULLNULLNULLNULL1865801020

NBCO 'DAYAQ-Credit' LLCAZAzerbaijan12AZM440200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULLNULLNULLNULLNBCO Caucasus Credit LLC (Danish Refugee Council)209420974091NULLNULLNULL36NULLNULLNULLNULLNULLUSD133149285210321311019000230204744000000noyesotherRR&VAMfullyauditorNULLAZM10001627330001400140000157733000500000000011300000023289000000000noyesotherRR&VAMfullyauditorNULLNULLGrants for portfolioyesNULL14001400016273300001130000023289000-119890000-11989000-11989000-11989000-11989000-11989000-11989000NULLNULL0.485208-1.060973NULL520NULL00NULLNULLNULLNULLNULL669923705.18257950NULLNULL0.354NULLNULL0.03072531.5466000.860391NULLNULLNULLNULLNULLNULL2852133150123024744-24420-2442-2442-2442-2442-2442-2442NULLNULL0.485245-1.060817NULL520NULL00NULLNULLNULLNULLNULL13674872

Micro Finance Bank of AzerbaijanAZAzerbaijan12AZM442200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL2002bankNULL2002NULL91-100NULLNULLEBRD, BSTDB, IFC, KFW, LFSNULL862813453296NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1891306970705666659082734522617854616153760520501447928105931294132123037258706315000noyespricewaterhouseNULLnanaNULLAZM100000043755000000347100000003269000000134240000003033100000079300000029710000000710800000052000000635300000060400000012700000031000000000noyespricewaterhouseNULLnanaNULLNULLNULLNULLNULL3144100000043755000000071600000006353000000760000000760000007600000045000000450000007600000045000000NULLNULL1.0107280.010615NULL333NULL0.0855950.09418NULLNULLNULLNULLNULL1233914012988.5681195026790542820.05690.161NULLNULL0.6932010.4425830.0228460.0181240.793281NULLNULLNULLNULLNULL1.10030364046588913068-114585211294132154820154821548291679167154829167NULLNULL1.0107290.010615NULL333NULL0.0855950.09418NULLNULLNULLNULLNULL251470705660.0172195059

WV Azercredit LLCAZAzerbaijan12AZM548200412/31/2004 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1996non-bank-financeNULL2004NULL91-100NULLNULLVisionFund International538780538717970NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD12230968192458815758103222011987480190484069512545407875299194469427610000noyesnaNULLnanaNULLAZM100010952010000944796400077356000506725400058847560000935090001997300025161240002002260002601419000219409000135540000000noyesnaNULLnanaNULLNULLNULLNULLNULL937060800010952010000027163500002601419000-1180320000-118032000-118032000-118032000-118032000-118032000-118032000NULLNULL0.958357-0.043452NULL670NULL0.0098970.008188NULLNULLNULLNULLNULL17538451846.15282950NULLNULL0.334NULLNULL0.5373220.861081000.862669NULLNULLNULLNULLNULL0.827257190883022309680553332529919-240420-24042-24042-24042-24042-24042-24042NULLNULL0.95836-0.04345NULL670NULL0.0098970.008188NULLNULLNULLNULLNULL357301225

Viator Microcredit Azerbaijan LLCAZAzerbaijan12AZM555200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL1999non-bank-financeNULLNULLNULL91-100NULLNULLNorwegian Agency for Developement Co-operation (NORAD)41544241542085021NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1195297614799441054472212341731742034838122345367550258973102934915003806586190noyesotherMoore Stephens AzerbaijanpartiallyNULLNULLUSD1195297614799441054472212341731742034838122345367550258973102934915003806586190noyesotherMoore Stephens AzerbaijanpartiallyNULLNULLNULLNULLyesNULL1374497195297604537252589731353096191359281359281359285165865165865165860.085210.0922581.4249440.2982180.2792189900.2174060.023540.0712510.001027158794111911951466640383560.37502950NULLNULL0.502329778.50.886720.127752000.7577890.2857320.2005210.0064820.1630870.0309523.0267811374497195297604537252589731353096191359281359281359285165865165865165860.085210.0922581.4249440.2982180.2792189900.2174060.023540.0712510.001027158794111911951466640383560.00648228521

AzerdemiryolbankAZAzerbaijan12AZN5415200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL1989bankOpen Joint Stock CompanyNULLNULL31-40NULLNULLEBRD, FMO, Black Sea Trade and Development Bank, DEG130122746956NULL218243NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD12899538916974377738238232952325700157112078101906710307212014999022474237102139243797327359000yesyespricewaterhouseNULLnoneauditorNULLAZN12846760016665400724800228712005596400110038001872000301620014726002429200100280043000321400000yesyespricewaterhouseNULLnoneauditorNULLNULLNULLyesNULL1594060028467600044888002429200101380001013800101380069240069240010138006924000.025140.1289821.2917410.2258510.0731022580.1572120.0112330.043491027542300154517005368200NULL23962.5219395050435.30841NULL6509373.20.1965884.086770.6602780.3865380.5854160.1629780.126170.0364090.0881990.0015613.8717951623613928995389045720222474237103259601032596103259670523770523710325967052370.0251440.1290071.2917410.2258510.0731172580.1572420.0112330.043491028047379157352035466654NULL24400.0364174561610.0364

Finance for Development LLCAZAzerbaijan12AZM547200412/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL1997non-bank-financeNULL2002NULL91-100NULLNULLOXFAM NOVIB2528152528941035.14NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD157719558010223555101488475707011509022030417551455300344704038100noyesother"M&J Accuracy Consulting"fullyboardNULLUSD157719558010223555101488475707011509022030417551455300344704038100noyesother"M&J Accuracy Consulting"fullyboardNULLNULLNULLyesNULL55654757719502220591455307308207308273082730821134631134631134630.144190.1755621.4905590.3291110.43465816900.2957450.019840.0406050506844492080416275152290.24155950NULLNULL0.3722140680.824170.213341001.0050360.4381210.29393100.287130.0068012.04665955654757719502220591455307308207308273082730821134631134631134630.144190.1755621.4905590.3291110.43465816900.2957450.019840.040605050684449208041627515229012491680.0042

FINCA AzerbaijanAZAzerbaijan12USD44620048/31/2004 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL1999NULL91-100NULLNULLEBRD, Symbiotics150181211501867580NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1397995230434756647465033733296150766880911617693107125998194435413331768420022581256020noyesdeloitteNULLNULLNULLNULLUSD1397995230434756647465033733296150766880911617693107125998194435413331768420022581256020noyesdeloitteNULLNULLNULLNULLNULLNULLNULLNULL29770013979952011648761259981-230873125602-105271-105271-122955187930318969871879303-0.087044-0.1040.834588-0.1981950.37377812400.6185820.0025190.0218410.0003972855530203688823899641032030.21332950NULLNULL0.4511117113.30.8365970.195319000.7647010.4079370.4887880.0330710.4412430.0144758.66901429770013979952011648761259981-230873125602-105271-105271-122955187930318969871879303-0.087044-0.1040.834588-0.1981950.37377812400.6185820.0025190.0218410.0003972855530203688823899641032030.033071460000.0331

MADAD Credit LLCAZAzerbaijan12AZN231200412/31/2004 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)2003non-bank-financeNULLNULLNULL91-100NULLNULLNULL117NULL117NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL74872NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL74872NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL69892NULLNULL6400.67361950NULLNULLNULL145NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL69892NULLNULL64014799440.0065

Nakhchivan Credit (IOM)AZAzerbaijan12AZN236200412/31/2004 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1998non-bank-financeNon-bank Credit organizationNULLNULL91-100NULLNULLNULL1363NULL1,363.00NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL456161NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL456161NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL489278NULLNULL3350.35229950NULLNULLNULL1486NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL489278NULLNULL3350.0439741924588

Komak2004900.003221543670.0422

536963350.00260848771577.250.0065

2528

CredAgro Non-Banking Credit InstitutionAZAzerbaijan12AZM555200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2000non-bank-financeNULLNULLNULL31-40NULLNULLACDI/VOCA, USAID12865312861100NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD15484498524302165367904429458006902059369759703600501798293606207129475347835840noyesotherTID AuditNULLNULLNULLAZM10002526428900024151928000301114000416624500021098044000094863000321300004469955000023115290001352492000954090004361000246345000165110000noyesotherTID AuditNULLNULLNULLNULLNULLyesNULL2385081400025264289000044699550002311529000710525000165110007270360007270360007226750009690200009733810009690200000.0558930.0669281.1889980.1589560.2467482400.1913850.0039280.0124670.00266126342095001207787800010551083228531878065914787.920791270NULLNULL0.08611781962248.70.8350940.197471000.9559710.3537980.297560.107050.1829580.0075523.17419951776545484498097036050179815424435841578281578281568812103592113062103590.0318890.035231.1889980.1589550.1407782400.1106380.0039280.0124670.001538480724945355114351262534077124738780.0004

Umid-Credit (Umid HSSC)AZAzerbaijan12AZN232200512/31/2005 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)2003non-bank-financeNon bank credit organizationNULLNULL91-100NULLNULLNULL527NULL527NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL107165NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL107165NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL76583NULLNULL2030.160121270NULLNULLNULL402NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL76583NULLNULL203437318.96880.0012

Norwegian Microcredit LLCAZAzerbaijan12AZM557200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL2002NULL91-100NULLNULLEBRD, Planet Finance, Oikocredit, SFDI (World Bank), Kolibri Kapital, Blue Orchard, Microcredit Enterprises, Deutsche Bank, Cyrano, Developing World Markets, Microvest and Kiva.4613314613270302548NULLNULL16NULLNULLNULLNULLNULLUSD11750467159023629196540523120994402582505749849152962318798829196424085343000noyesotherCentral Asia Business ConsultantsfullyauditorNULLUSD11750467159023629196540523120994402582505749849152962318798829196424085343000noyesotherCentral Asia Business ConsultantsfullyauditorNULLNULLNULLnoNULL15610401750467057589929623116248401624841624841200761735062159141735060.0777820.1087841.3930290.282140.31546314900.2086570.016240.018360154375014197021103806283450.271441270NULLNULL0.586438067.60.6912120.446734000.9084640.3730520.2677990.0569960.1918910.0189121.13053215610401750467057589929623116248401624841624841200761735062159141735060.0777820.1087841.3930290.282140.31546314900.2086570.016240.01836015437501419702110380628345308747720.0458

Komak Credit UnionAZAzerbaijan12AZN556200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1999cooperativeNULLNULLNULL91-100NULLNULLSFDI, Caucasus Credit, ECA, KIVA1002910023090NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD146802346172103425611254620081584504254194344844270621000NULLyesotherIndependent Auditor, Chamber of Auditors of AzerbaijanpartiallyotherRegulaions of National Bank for Credit UnionUSD146802346172103425611254620081584504254194344844270621000NULLyesotherIndependent Auditor, Chamber of Auditors of AzerbaijanpartiallyotherRegulaions of National Bank for Credit UnionNULLNULLNULLNULL4617214680230504614344825860258625861965196525861965NULLNULL1.0540160.051247NULL1110NULL00NULLNULLNULLNULLNULL4610.362831270NULLNULL0.308NULLNULL0.2680682.730396000.986535NULLNULLNULLNULLNULLNULL4617214680230504614344825860258625861965196525861965NULLNULL1.0540160.051247NULL1110NULL00NULLNULLNULLNULLNULL4616214400

Azeri Star MicrofinanceAZAzerbaijan12USD532200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2003non-bank-financeNULLNULLNULL91-100NULLNULLUSAID / Save the Children grant38154538151867080NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD16725336214402485880000592533021881330321910205770384002555600nonoNULLNULLfullyboardNULLAZM13098017212286265776711450815336851928027294979320100790026126633148287552094787765017688925011772348400nonoNULLNULLfullyboardNULLNULLNULLyesNULL274814961430980172120148287552947877653581086203581086235810862358108621535343461535343461535343460.011740.0124951.3183850.2414960.0486158500.0348350.0035210.0400010.00225230502506752721050796286599103540.5750369590.841741270NULLNULL0.4893785250430.8810470.135014000.9240290.0486150.03687500.0310750.00579911.36106159658267253303219120577777407774777477743333033330333300.0121080.0129121.3183850.2414960.0501368500.0358830.0035210.0400010.00231964207657344260207640.516352430210.0611

AgrarcreditAZAzerbaijan12AZM343200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2002non-bank-financeClosed Joint Stock CompanyNULLNULL61-70NULLNULLWorld Bank, Fund to Aid Entrepreneurship57141833274164NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1318525561247387819163839684509221680473259101726781NULL122192813361361761493131345630750000noyesotherRR & VAMNULLNULLNULLAZM10000001467285000005746080000088278000004461160000010211690000015013000007954400000NULL5628800000615490000081143000006050000025938000000000noyesotherRR & VAMNULLNULLNULLNULLTechnical assistanceyesNULL486330000001467285000000117837000008114300000101510000001015100000101510000010151000001015100000101510000010151000000.0065550.0100531.0942650.0861440.03595818NULL0.1482560.1384320.153632NULL15485465000054731850000100972850000170.51755064113819.402691270NULLNULL0.0532052531762.90.6959580.4368680.0261270.0102320.3916130.0760950.069540.0003910.0523990.016751.109801105574953185255602558064176149322036202203622203622203622203622203622203620.0067750.0103691.0942640.0861440.03716418NULL0.1527280.1384320.153632NULL325261991153353921251787170.53810104318900.0381

AqroinvestAZAzerbaijan12AZM554200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2001cooperativeNULLNULLNULL41-50NULLNULLSFDI (WB Project)5227251530097.27NULL65.67NULLNULLNULLNULLNULLUSD1452659.91437318.964400.83286468.98166190.93028692067839.75051354.67544.314400.832769.65000noyesotherMammad LLCpartiallyboardNULLUSD1452659.91437318.964400.83286468.98166190.93028692067839.75051354.67544.314400.832769.65000noyesotherMammad LLCpartiallyboardNULLNULLNULLyesNULL432918.13452659.91067839.7551354.6711539.94011539.9411539.948770.298770.2911539.948770.290.0198760.0598881.2049730.1701060.1525133600.1168630.0656090.0100630441243439445146444617421.371891270NULLNULL0.2112512050.3671431.723734000.9661090.1537470.1275940.0012340.1163860.0099740.153382432918.13452659.91067839.7551354.6711539.94011539.9411539.948770.298770.2911539.948770.290.0198760.0598881.2049730.1701060.1525133600.1168630.0656090.0100630441243439445146444617428408250.0092

Mikromaliyye Credit InstitutionAZAzerbaijan12AZM551200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULL91-100NULLNULLIFAD73172141251676065NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD118876841332330412618111627652201019722902633301354454126027551500noyesotherRehber Audit AzerbaijanfullyauditorNULLAZM10008695600000613736500019005000834310000035250000005000090853500001213025000623925000190050000126915500000noyesotherRehber Audit AzerbaijanfullyauditorNULLNULLNULLyesNULL6118360000869560000009085350001213025000-9474200000-947420000-947420000-947420000321735000321735000321735000-0.176041-4.9183410.489524-1.04280.05288419600.3185421E-060.00309705381817500380805250019263000017.514878461171.532331270NULLNULL0.4062871422583.20.04053823.668369000.7058010.1688160.3448570.1159320.2253930.0035313801132820418876840197229263330-2056720-205672-205672-205672698436984369843-0.178152-4.9443360.489522-1.0428080.05351719600.3224011E-060.003097011544768167784159817.5323461721

NBCO 'DAYAQ-Credit' LLCAZAzerbaijan12AZM441200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULLNULLNULLNULLNBCO Caucasus Credit LLC (Danish Refugee Council)82810828304037NULLNULLNULL67NULLNULLNULLNULLNULLUSD1115108109438098773163350004874102432883005618000noyesotherRR&VAMfullyauditorNULLAZM100053024200050412400004549960007524600000022452500001120670003822000025880000000noyesotherRR&VAMfullyauditorNULLNULLGrants for portfolioyesNULL504124000530242000022452500011206700010863600001086360001086360008275600082756000108636000827560000.2388432.0625581.9374140.4838480.6369728300.34796000346487500322069000401230007608845479.405841270NULLNULL0.367519216136.90.1419096.04678000.9507430.6480030.3344680.0110310.3234370NULL109438115108048741243282358302358323583179651796523583179650.2423492.0704161.9373960.4838430.6463248300.352684000741296898086777132188910

Micro Finance Bank of AzerbaijanAZAzerbaijan12AZM443200512/31/05 0:00Sapundzhieva, RalitsaNULL2002bankNULL2002NULL91-100NULLNULLEBRD, BSTDB, IFC, KFW, LFSNULL21454558381158NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD12177970418044974768481150489836730720532510428309035758246490825349028273115883073375000noyespricewaterhouseNULLnanaNULLAZM1000000100328000000831240000003540000000693230000003100500000024530000001973000000016472000000299000000116770000003811000000271000000338000000000noyespricewaterhouseNULLnanaNULLNULLNULLNULLNULL7958400000010032800000001677100000011677000000101200000001012000000101200000067400000067400000010120000006740000000.0093560.0219771.0642170.0603420.1757462550.1981940.0237360.04258707204150000058917000000306680000001501523813011998.52768127021183071667.95860.15441342824625.10.3090362.2358650.029510.024450.8285220.2327960.2187490.05290.1620870.0037621.7942221727649321779703-13640732253490221968902196892196891463141463142196891463140.0095340.0226681.0642170.0603420.1790982550.2018590.0237360.0425870153463871255777064546331503308180449740.0539

WV Azercredit LLCAZAzerbaijan12AZM559200512/31/2005 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1996non-bank-financeNULL2004NULL91-100NULLNULLVisionFund International583075583020740NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD125733672323324174421162871141049602110709171797303076080610127817230000yesyesotherBalance-AuditNULLNULLNULLAZM11185419046710702370700803478925356756058649743440909722768604224977129336413698350464440646653454079392790000yesyesotherBalance-AuditNULLNULLNULLNULLNULLNULLNULL106220228081185419046704561390827350464440658227260205822726025822726025822726025822726025822726025822726020.0510630.094051.1463320.1276520.3295987800.347850.0090850.00750701140310023410075167350619109520577.518357411445.465441270NULLNULL0.3565609624880.90.5481130.824442000.9028340.4000130.3489510.0409130.3073410.0006960.82638923058822573367099020976080612640201264021264021264021264021264021264020.052620.0968881.1463310.1276520.3396527800.3582020.0090850.007507024021682123956130462277.539913323300.1173

Viator Microcredit Azerbaijan LLCAZAzerbaijan12AZM556200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1999non-bank-financeNULLNULLNULL91-100NULLNULLNorwegian Agency for Developement Co-operation (NORAD)64855464852990028NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD12555453222924821908106057244939601013228126828955042717312070-5541202641338999602noyesotherMoore Stephens AzerbaijannanaNULLUSD12555453222924821908106057244939601013228126828955042717312070-5541202641338999602noyesotherMoore Stephens AzerbaijannanaNULLNULLNULLyesNULL22073402555453082895542717344512483974535214535214535217176547176547176540.1974630.212922.1596870.536970.36238112000.2303320.0045450.0098280.015166225421518545962090569483440.270671270NULLNULL0.461532080.30.9584980.043299000.8723490.3677360.1702730.0053540.1895-0.0245822.16225822073402555453082895542717344512483974535214535214535217176547176547176540.1974630.212922.1596870.536970.36238112000.2303320.0045450.0098280.015166225421518545962090569483441094380.0112

AzerdemiryolbankAZAzerbaijan12AZN5416200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1989bankOpen Joint Stock CompanyNULLNULL31-40NULLNULLEBRD, FMO, Black Sea Trade and Development Bank, DEG1647629585191732348065NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1538251093087477291240440508743133163671601320126539332565014640245304930695681895143128080619775000yesyespricewaterhouseNULLnoneauditorNULLAZN1495892002844500084060037320800122684001475300024450730004620000226000028280001746000118000571000000yesyespricewaterhouseNULLnoneauditorNULLNULLNULLyesNULL2760440049589200068800002828000218800002188000218800016170001617000218800016170000.0414310.1810261.4663260.3180230.07363929120.1253810.0085960.0295520.00013339028400225552008932400284.533392.62914127042393.338080.2037738365.50.2474013.0420270.518650.2975040.5736130.1762820.120220.0447370.072460.0030233.4379382996236853825110174676893069568237489802374898237489817551231755123237489817551230.0423840.1845891.4663250.3180230.07533229120.1283020.0085960.0295520.00013641410249239245759508262284.536246884600.0458

Finance for Development LLCAZAzerbaijan12AZM558200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1997non-bank-financeNULL2002NULL91-100NULLNULLOXFAM NOVIB28761628761128022NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD18517038408252897725862359308101240903383961931942086603447337311000yesyesotherTID ConsultingfullyboardNULLAZM10003923363000387325100013348200011913430002732020000057160000015588190008900008946190003041600020604000171874000000yesyesotherTID ConsultingfullyboardNULLNULLNULLyesNULL373976900039233630000155970900089461900061407000006140700006140700004421960004421960006140700004421960000.2253840.3236571.649370.3937080.77901418000.4618780.0147580.034463019619700981936915551136624785415.513467491060.432521270NULLNULL0.3922702331095.10.6963460.436067000.9872270.7949710.4819840.0155030.455980.0105022.335234811848851704133858919420813330501333051333059599495994133305959940.1343610.1796321.6493690.3937070.46440418000.2733540.0147580.034463071444971046453439415.529215902360.057

FINCA AzerbaijanAZAzerbaijan12USD447200512/31/2005 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL1999NULL91-100NULLNULLEBRD, Symbiotics2887217828872NULL0NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD11242660810431890148000684255055840580829687005436524931847927978753124708722019849296677200noyesotherRSM Top-AuditpartiallyNULLNULLUSD11242660810431890148000684255055840580829687005436524931847927978753124708722019849296677200noyesotherRSM Top-AuditpartiallyNULLNULLNULLNULLNULLNULL102838901242660804683728279787514861630148616314861631287671225444324529352254443NULLNULL1.464780.317303NULL1620NULL0.0079530.014187NULLNULLNULLNULLNULL3610.28451270NULLNULLNULLNULLNULL0.4493631.225372000.83948NULLNULLNULLNULLNULL1.78382102838901242660804683728279787514861630148616314861631287671225444324529352254443NULLNULL1.464780.317303NULL1620NULL0.0079530.014187NULLNULLNULLNULLNULL3611071650.0888617697


Nakhchivan Credit (IOM)AZAzerbaijan12AZN237200512/31/2005 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1998non-bank-financeNon-bank Credit organizationNULLNULL91-100NULLNULLNULL1275NULL1275NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL688460NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL688460NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL572311NULLNULL5400.425171270NULLNULLNULL1319NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL572311NULLNULL54023233240.0422

79384399

327487998950.96880.0422

CredAgro Non-Banking Credit InstitutionAZAzerbaijan12AZM546200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2000non-bank-financeNULLNULLNULL31-40NULLNULLACDI/VOCA, USAID28137028136190NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD110049851977006812696147546975295155041837733516963070692252398720651541340824111633630noyesotherTID AuditNULLNULLNULLAZN18753387850969711058341413254612062036440638914774780602949347284567491167853581229290noyesotherTID AuditNULLNULLNULLNULLNULLyesNULL839911487533870147747860294947049629294734254734253566403924525092373924522.8E-053.4E-051.4672340.3184458.9E-054005E-050.0042820.0129951E-0612636521194120802188491055132803161.530251.635211850NULLNULL0.222050294.20.5268890.897934000.972160.0001178E-052.7E-054.8E-054E-063.034669643107100498521169630769225254018133635435445435444094624505785846604505780.0522840.0822461.4672340.3184450.167064000.092220.0042820.0129950.00097777671757506545493761261.53473158289930.0611

Umid-Credit (Umid HSSC)AZAzerbaijan12AZN233200612/31/2006 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)2003non-bank-financeNon bank credit organizationNULLNULL91-100NULLNULLNULL474NULL474NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL103000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL103000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL105083NULLNULL2170.117461850NULLNULLNULL501NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL105083NULLNULL217790595.56250.0136

Norwegian Microcredit LLCAZAzerbaijan12AZM558200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL2002NULL91-100NULLNULLEBRD, Planet Finance, Oikocredit, SFDI (World Bank), Kolibri Kapital, Blue Orchard, Microcredit Enterprises, Deutsche Bank, Cyrano, Developing World Markets, Microvest and Kiva.45063245061970014.2290014.8NULLNULLNULLNULLNULLUSD126007132528965.7343660.6311554071445306019807.7310779.36720364100074207038346924196.534444117527.1200yesyesotherF.N. Audit ServicenanaNULLUSD126007132528965.7343660.6311554071445306019807.7310779.36720364100074207038346924196.534444117527.1200yesyesotherF.N. Audit ServicenanaNULLNULLNULLnoNULL2485305.126007130730371420703202002.470202002.47202002.47157561.47175088.59219529.59175088.590.0724220.1186791.3823140.2765750.29274614100.2042640.0078320.0172640.00523421755902059601132762531.55610.303381850NULLNULL0.437456092.30.5557350.79942000.9724120.3357120.2428620.0383660.1933740.0111222.2042222485305.126007130730371420703202002.470202002.47202002.47157561.47175088.59219529.59175088.590.0724220.1186791.3823140.2765750.29274614100.2042640.0078320.0172640.00523421755902059601132762531.5561676363040.0479

Komak Credit UnionAZAzerbaijan12AZN557200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1999cooperativeNULLNULLNULL91-100NULLNULLSFDI, Caucasus Credit, ECA, KIVA11341211343300NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD17200137075760540459179554004886758836647606201217148861068000NULLyesotherIndependent Auditor, Chamber of Auditors of AzerbaijanpartiallyotherRegulations of National Bank for Credit UnionUSD17200137075760540459179554004886758836647606201217148861068000NULLyesotherIndependent Auditor, Chamber of Auditors of AzerbaijanpartiallyotherRegulations of National Bank for Credit UnionNULLNULLNULLNULL70757672001308253060620485304853485337853785485337850.0063720.0248181.0624770.0588030.1072569500.103686000.00835759401858464915250810.56240.337281850NULLNULL0.291106856.80.2493763.010008000.9827270.1389350.1307650.0204890.1020510.008225NULL70757672001308253060620485304853485337853785485337850.0063720.0248181.0624770.0588030.1072569500.103686000.00835759401858464915250810.56248666040.0196

Azeri Star MicrofinanceAZAzerbaijan12USD553200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2003non-bank-financeNULLNULLNULL91-100NULLNULLUSAID / Save the Children grant41793741792299065NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1881856866604199191091987726590285515674308203848285785152221991925023000yesyesotherTID ConsultingfullyauditorNULLAZN176809475480917349951116729830248713653752433352248918132581734921795000yesyesotherTID ConsultingfullyauditorNULLNULLNULLyesNULL73746076809403785952489189907009907099070772757727599070772755E-055.7E-051.3544230.2616780.00023411300.0001740.0032950.0229851E-06154939265314317062881365085458411810.097631850NULLNULL0.55399762.30.8761730.141327000.9827040.0002440.000189E-060.0001611.1E-056.975875846685881857143466828578511374201137421137428871988719113742887190.1141530.1299731.3544180.2616760.53474111300.3841080.0032940.0229850.0021067771957440226825964120797700680.0513

AgrarcreditAZAzerbaijan12AZM334200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2002non-bank-financeClosed Joint Stock CompanyNULLNULL61-70NULLNULLWorld Bank, Fund to Aid EntrepreneurshipNULL1843365NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1285064231582899319437501308271315423710522390NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLnonoNULLNULLNULLNULLNULLAZN1000248290001378700016930001139500013434000455000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLnonoNULLNULLNULLNULLNULLNULLTechnical assistanceyesNULL12094000248290000NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL18NULLNULLNULL0.122797NULL733766645002873729350051065167000183.540972.214691850NULLNULLNULL3320NULL0.5410610.8482210.0330020.0183250.555278NULLNULLNULLNULLNULLNULL13885243285064230NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL18NULLNULLNULL0.122797NULL301794901415143618795879183.54704191904480.0748

AqroinvestAZAzerbaijan12AZM555200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2001cooperativeNULLNULLNULL41-50NULLNULLSFDI (WB Project)11058495163021.58144.85NULL83.61NULLNULLNULLNULLNULLUSD1801304.79790595.596917.6478401.42322903.3706599093134362648829854925177143000noyesotherMammad LLCpartiallyboardNULLUSD1801304.79790595.596917.6478401.42322903.3706599093134362648829854925177143000noyesotherMammad LLCpartiallyboardNULLNULLNULLyesNULL783677.99801304.79096760488293686503686536865297222972236865297220.0474050.1215391.6154940.3809940.1349086200.0795320.0083470.0087506269826139572445477.515970.863331850NULLNULL0.329373130.90.4029721.481562000.9866350.1543270.0955290.0136350.0778790.0040141.04828783677.99801304.79096760488293686503686536865297222972236865297220.0474050.1215391.6154940.3809940.1349086200.0795320.0083470.0087506269826139572445477.5159723216380.0554

Mikromaliyye Credit InstitutionAZAzerbaijan12AZM542200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULL91-100NULLNULLIFAD1320435918239550NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD13904085333144757477369259321149201131800498649462734958202046025747714557985000noyesotherRehber Audit AzerbaijanNULLNULLNULLAZN1340044529016795006232162361842090985790434322403044318581782085006212650504700noyesotherRehber Audit AzerbaijanNULLNULLNULLNULLNULLyesNULL285161734004450474626431858-1855020-185502-185502-185628319419319545319419-4.3E-05-0.0010530.718991-0.3908385.9E-0526200.0001410.0339730.017253043495002233070133340176342105283160.170821850NULLNULL0.431665464.90.05417217.459712000.8533230.0001090.0001524.1E-059.9E-051.2E-050.507836327397039040850544922495820-2129770-212977-212977-213122366728366873366728-0.073595-1.4799420.71899-0.3908390.1015426200.2126260.0339730.017253028958852331889144007283637075760.0205

NBCO 'DAYAQ-Credit' LLCAZAzerbaijan12AZM442200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL2004non-bank-financeNULLNULLNULLNULLNULLNULLNBCO Caucasus Credit LLC (Danish Refugee Council)8631596234204NULL100NULL64NULLNULLNULLNULLNULLUSD1171420154838012507946341000929371072648889106270981546900noyesotherRR&VAM International Independent Audit FirmfullyauditorNULLAZN114930613486301089434036300080947.559342.0942582.39255.9608549.22408.7100noyesotherRR&VAM International Independent Audit FirmfullyauditorNULLNULLGrants for portfolioyesNULL134863149306090289.6442582.338451.38038451.3838451.3829902.1630310.8738860.0930310.870.0001130.0007941.7417570.4258670.000276400.0001690002651956532521294323764318212.51400.075781850NULLNULL0.35689547.60.2703372.699081000.9032660.000340.0001953.5E-050.0001610NULL1548381714200103663488894414704414744147343323480144616348010.2396421.0955391.7417670.425870.5745346400.3699840001432641321383133812.5161204350

Micro Finance Bank of AzerbaijanAZAzerbaijan12AZM444200612/31/06 0:00Sapundzhieva, RalitsaNULL2002bankNULL2002NULL91-100NULLNULLEBRD, BSTDB, IFC, KFW, LFS16675458166752842813NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD15543189947252763983930485914606840439375891224914035361895476833788864741922946050484502401840803680noyesdeloitteNULLNULLNULLNULLAZN10004828100041157000857000423230005958000327400021700030800083160003300056390002566000422000350000700000noyesdeloitteNULLNULLNULLNULLNULLNULLNULLNULL4030000048281000083490005639000-27800070000-208000-208000-243000-243000-208000-243000-6.00E-06-2.00E-050.967776-0.0332970.0001153620.0001360.0052720.0208237.00E-0650188140500415825785001550547900033624681.33415185040272.176790.1711065509.60.1234037.1035580.0795490.0678110.8524470.0001660.0001725.10E-050.0001128.00E-063.9493094626883355431899095855716474192-31917380368-238805-238805-278989-278989-238805-278989-0.009308-0.0529590.967776-0.0332970.1710013620.1982980.0052720.0208230.010831386058023264886967855803362834472527640.0763

WV Azercredit LLCAZAzerbaijan12AZM5410200612/31/2006 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1996non-bank-financeNULL2004NULL91-100NULLNULLVisionFund International833191833131750NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD143655834165344316226572051708377021531350613239510848399212561-1203371846124907550yesyesotherTID ConsultingNULLNULLNULLAZN138024083628001275423144171487991018751176411531570738953185140-1048162578108796580yesyesotherTID ConsultingNULLNULLNULLNULLNULLNULLNULL36252473802408011531577389532395456582402032402031776251885042510821885043E-055.4E-051.2621960.207730.0001639200.0001380.0005170.0007592E-06592899643853529993513249461200834350.23541850NULLNULL0.3817081104.40.3913291.555397000.9541320.0001940.0001543.1E-050.000125-2E-061.468841621824365582-113239518483992750247552757792757792039332164232882692164230.0585620.1302891.2621960.207730.3203349200.2615020.0005170.0007590.0041633469475324433415594378350033314470.0707

Viator Microcredit Azerbaijan LLCAZAzerbaijan12AZM537200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1999non-bank-financeNULLNULLNULL91-100NULLNULLNorwegian Agency for Developement Co-operation (NORAD)87247987244054032NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD133565572935304908436158829949690690992971090010544555897816932239229605918955200NULLNULLNULLNULLNULLNULLNULLUSD133565572935304908436158829949690690992971090010544555897816932239229605918955200NULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULL292622033565570109545555897849562304956234956233995645891166851755891160.135170.1467811.826270.4524360.36301611000.2164670.0023540.0030950.003629560052582276272218366.53360.181871850NULLNULL0.465760573.50.8922740.120732000.8744980.3705860.202920.0057280.1890990.0080931.314807292622033565570109545555897849562304956234956233995645891166851755891160.135170.1467811.826270.4524360.36301611000.2164670.0023540.0030950.003629560052582276272218366.53361548380.0742

AzerdemiryolbankAZAzerbaijan12AZN5517200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1989bankOpen Joint Stock CompanyNULLNULL31-40NULLNULLEBRD, FMO, Black Sea Trade and Development Bank, DEG21112352120482125510345NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD110129889367636308112629685457272158416223150184243865608816337345007148507653715284161884929969000yesyespricewaterhouseNULLnoneauditorNULLAZN1882310005891100098100074433000137980002743800038206807679000300500042250003236000141000810000000yesyespricewaterhouseNULLnoneauditorNULLNULLNULLyesNULL57930000882310000106840004225000308200003082000308200022720002272000308200022720000.032970.1743241.405420.2884690.06447534140.0967310.0064860.0166520689101004367800013033200323.548902.64308185053772.90640.17610284410.90.1563855.3944770.4657530.3109790.667690.1550430.1103180.046960.0613120.0020462.567606665100121012988941122664084850765353847503538475353847526085062608506353847526085060.0336310.1789221.405420.2884690.06576734140.0984820.0064860.0166520775620014925554014578995323.556148351810.0479

Finance for Development LLCAZAzerbaijan12AZM549200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1997non-bank-financeNULL2002NULL91-100NULLNULLOXFAM NOVIB3752243752143708.18NULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1256044623216384734516727148877320290111860672778238162873839452228555517902605600NULLyesotherTID ConsultingfullyboardNULLAZN1223014020221394123714569287732120252710330585987.4920743.962503108232824871.145108.8122694.7500NULLyesotherTID ConsultingfullyboardNULLNULLNULLyesNULL198090222301400606731.45250310249222.350249222.35249222.35204113.54226808.29271917.1226808.290.0001040.0001491.6971080.4107620.00025715600.0001290.001250.0203935E-06196279657019376365701366396606205390.291321850NULLNULL0.383331475.50.346711.884254000.9067320.0003090.0001824.2E-050.0001281.3E-0516.3185622742932560446069659428738328613402861342861342343442604003121902604000.1373590.3165071.6971060.4107620.33893915600.1817460.001250.0203930.007517060751581232740407206192528965.750.0384

FINCA AzerbaijanAZAzerbaijan12USD448200612/31/2006 12:00:00 AMSapundzhieva, RalitsaNULL1998non-bank-financeNULL1999NULL91-100NULLNULLEBRD, Symbiotics4928439049284NULL0NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1215044561919044946213214114271739018504855827487269642363283973787050126829231985651836748412900noyesotherRSM Top AuditNULLNULLNULLUSD1215044561919044946213214114271739018504855827487269642363283973787050126829231985651836748412900noyesotherRSM Top AuditNULLNULLNULLNULLNULLNULLNULL1872831721504456072926333787050191743501917435191743513990681883197240156418831970.0824650.2156691.3567190.2629280.33573612600.2556890.0253030.0240810.005055169655321481117064871222843890.210481850NULLNULLNULL3907896.90.3436581.909867000.8923940.429850.3168310.0747570.223220.0188530.9517071872831721504456072926333787050191743501917435191743513990681883197240156418831970.0824650.2156691.3567190.2629280.33573612600.2556890.0253030.0240810.005055169655321481117064871222843891030000.0748


Nakhchivan Credit (IOM)AZAzerbaijan12AZN238200612/31/2006 12:00:00 AMSapundzhieva, RalitsaGaul, Scott (Microfinance Information Exchange)1998non-bank-financeNon-bank Credit organizationNULLNULL91-100NULLNULLNULL1357NULL1357NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL835181NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLUSD1NULL835181NULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLyesNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULLNULL761821NULLNULL6150.332681850NULLNULLNULL1316NULLNULLNULLNULLN

azərbaycanda mikromaliyyənin müqayisəli təhlili

Documents