Azerbaijan Micro-Finance Association (AMFA)

Microfinance was introduced into Azerbaijan in the mid-1990s as a strategy for addressing the economic requirements of as many as 1,000,000 internally displaced persons (IDPs) and refugees who were uprooted during the Nagorno-Karabakh conflict with Armenia.
In 1996 a group of international NGOs (INGOs) began offering microfinance services to local low-income & war affected population in an effort to create income and employment opportunities. They started meet informally to share information about their operational experiences to address the constraints facing INGOs delivery credit with interest rates aimed at achieve sustainability.