Overview:
Caucasus Credit LLC (CC) provides wholesale agreements and technical assistance to microfinance institutions (MFIs), which are retail micro-lenders.
Description:
The Dutch Refugee Council founded the non-banking credit organization Caucasus Credit LLC (CC). CC provides financial and non-financial services to local microfinance institutions in Azerbaijan.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/caucasus-credit
Organization’s Website:
http://www.drc.dk/relief-work/where-we-work/south-caucasus/azerbaijan/
Just the Facts:
Year Founded: 2002
Country of Incorporation: Azerbaijan
Legal Status: Limited Liability Company
Fund Assets (as of day/month/year): USD 537 thousand (as of 31/March/2008)
Assets allocated to MFIs: USD 490 thousand (as of 31/March/2008)
Number of MFI investments (as of day/month/year): 6 (as of 31/March/2008)
Participant(s)/Backer(s)/Investor(s): Dutch Refugee Council
Currency: AZN
Instrument Type: Loans and Debt Securities
Investment Horizon: 3 years
Contact Information:
Zuleykha Rasulova
Deputy Chair
z.rasulova@gk.baku.az
+994 50-220-8005
——————————————————————————–
Additional Resources:
Caucaus Credit financial statements
http://www.mixmarket.org/funders/caucasus-credit/files
Authored by Kenny Kline, Research Associate
Similar Posts:
- MICROCAPITAL BRIEF: Enabling Qapital Loans $10m to AccessBank for Microfinance, SME Lending in Azerbaijan
- MICROCAPITAL BRIEF: CEB, EU Expand Roma Housing Microfinance, Financial Inclusion Program to Bulgaria
- MICROFINANCE PAPER WRAP-UP: “Determinants of Choice of Credit Source Among Clients of Microfinance Systems in the Upper West Region of Ghana,” by Paul Bata Domanban et al
- MICROCAPITAL BRIEF: ADB Issues $8.5m Bond to Fund On-lending to Women, Agricultural MSMEs in Azerbaijan
- MICROCAPITAL BRIEF: Mi-Bospo of Bosnia and Herzegovina Borrowing $2.2m from Grameen Credit Agricole Foundation for Microfinance Lending
