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Azerbaijan introduces agricultural credit scoring

23.11.2018,15:16


November 23, Fineko/abc.az. The Ministry of Agriculture of Azerbaijan will improve the mechanism of agricultural lending.

Amir Amirli, deputy head of the MoA State Service of Agricultural Projects & Loans, stated that currently jointly with international organizations they are developing a program of credit scoring (or assessment of the borrower's creditworthiness).

"The development of the program is at the stage of completion. Due to scoring credit institutions will be able to analyze correctly the given loans. Presently, questions of transformation of scoring in the agricultural credit system are being discussed. I think we’ll complete the discussion process by the end of the year," Amirov emphasized.