responsAbility Global Microfinance Fund Makes Debt Investment Totaling USD $900,000 in FINCA Azerbaijan

The Foundation for International Community Assistance (FINCA) Azerbajian received 2 separate loans for $500,000 and $400,000 from the responsAbility Global Microfinance Fund. FINCA Azerbaijan is part of the FINCA International network, which developed the village banking method of microfinance which emphasizes the formation of community-based credit and savings associations. FINCA was incorporated in 1985 and expanded its activities beyond Latin America to Central Asia with the establishment of FINCA Kyrgyzstan in 1995. FINCA Azerbaijan was established in 1998.

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