Azerpoct to Issue Micro Loans Through Post Offices
The Azerbaijani postal operator, “Azerpoct” LLC is preparing itself for provision of micro-credit services.
The postal operator is planning to apply to the Central Bank of Azerbaijan (CBA) for obtaining a license in this regard.
As the Communications and High Technologies Ministry reported earlier Azerpoct LLC is ready to proceed with the issuance of microcredit through banks’ mediation and without a banking license- as it is practiced today in a number of CIS countries.
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