BAKU, Azerbaijan, August 20. The Mortgage and Credit Guarantee Fund (MCGF) has provided 3.59 billion manat ($2.1 billion) in loans to 55,183 borrowers as of today.
Data obtained by Trend from the fund indicates that guaranteed and subsidized loans hit the jackpot at 581 million manat ($341.7 million), while 7,786 apartments have been brought to fruition through rental programs.
The MCGF was established at the end of 2017 through the merger of the Azerbaijan Mortgage Fund and the Credit Guarantee Fund, serving as the legal successor of both entities.
