BAKU, Azerbaijan, April 12. A total of 38,364 borrowers have been issued mortgage loans in the amount of AZN 2.1 billion manat ($1.2 billion) through the Azerbaijan Mortgage and Credit Guarantee Fund, the fund told Trend.
As part of the mechanism for renting apartments with the right to purchase, 1,487 citizens improved their living conditions.
The amount of guarantees and subsidies provided by the fund for business projects is 293.06 million manat ($172.3 million), the fund said.
Azerbaijan Mortgage and Credit Guarantee Fund was established in 2017 by the Decree of the President of Azerbaijan Ilham Aliyev through the reorganization and merger of the Azerbaijan Mortgage Fund OJSC and the Azerbaijan Credit Guarantee Fund OJSC.
