BAKU, Azerbaijan, August 7. As many as 54,984 borrowers have received loans totaling 3.57 billion manat ($2 billion) through the Mortgage and Credit Guarantee Fund (MCGF) in Azerbaijan to date.
The data obtained by Trend from the MCGF shows that the total amount of loans provided with guarantees and subsidies reached 581 million manat ($343 million).
A cumulative figure of 7,751 residential units has been
designated via rent-to-own frameworks.
The MCGF was instantiated at the culmination of 2017 following the
strategic amalgamation of the Azerbaijan Mortgage Fund and the
Credit Guarantee Fund, thereby positioning itself as their legal
successor.
