Director of the Azerbaijan Microfinance Association (AMFA,) Jala Hajiyeva, told country’s media that the interest of foreign investors in the Azerbaijani microfinance market increases.
“Three new investors have begun talks with our microfinance organizations this year and are ready to sign the first contracts by the end of the year,” said Hajiyeva adding “these are the funds from the U.S. and Switzerland, interested in working in our region. Today the negotiations have positive results.”
Hajiyeva refused to disclose their names.
As reported, the amount of funding will depend on the potential of the market.