Rashad Gasimov

AMFA (Azerbaijan Micro-finance Association)

In October 2001, members of this informal, inter-agency working group organized the "First Annual Micro finance Conference in Azerbaijan"​ to educate and inform the broader community of the importance of microfinance in the country and decided to formalize the group into an association that would serve as the focal point on microfinance in Azerbaijan. As a result ten INGOs presented on this conference, including ACDI/VOCA, ADRA, FINCA Azerbaijan, Norwegian Humanitarian Enterprise (NHE), Norwegian Refugee Council(NRC), Mercy Corps (MC), OXFAM, International Organization for Migration(IOM), Save the Children(SC) and World Vision International, signed a Memorandum of Understanding and developed by-laws which defined the purpose, activities, organizational structure and governance of the network, and thus officially inaugurated the Azerbaijan Micro-finance Association (AMFA) There are currently 28 Association Members that include AzeriStar Microfinance, AqrarCredit, Aqroinvest Credit Union, Access Bank, Bank Respublika, Bank of Azerbaijan, Caucasus Credit, Caspian Invest, KredAqro, Invest Credit, FINCA Azerbaijan, Finance for Development, Finance Technology, Finance Leasing, Eurasia Credit, Parabank, Nakhchivan MicroCredit, TBC Credit, , VIATOR MicroCredit, Vision Fund AzerCredit, Turan Bank, DemirBank, UniBank, Parabank, Savingsbank Foundation for International Cooperation, OmniFinance, Qafqaz Leasing, Mugan Bank, AFS Credit Union, Komak C.U.