VIATOR

Eastern Europe and central Asia // AZERBAIJAN

Viator started operations in 1999, originally in the form of a development programme managed by Normisijon, a development organisation founded by the Lutheran Church of Norway. Viator works in six of the poorest districts in the northwest of the country.

  • Viator is the 10th microfinance institution of the country in terms of portfolio size and the 6th in terms of active borrowers.
  • As of 31 December 2010, Viator was financing 13,858 active borrowers – mostly women – with a portfolio of 5.7 million euros, this via a network of five agencies with 87 employees.
  • Between now and 2013, Viator seeks to serve 22,800 clients via seven agencies. The institution would also like to develop its training services.
VIATOR31/12/2010
Loan portofolio5,7 M€
Active borrowers13 358
Female borrowers41,8%
Rural borrowers49%
Average loan543 €
 * Key figures of the institution

Viator proposes two credit products, which very largely follow an individual credit methodology, for amounts ranging from 90 euros to 5,610 euros and maturities of 3 to 18  months.

Support from Grameen Credit Agricole Microfinance Foundation

The Grameen Crédit Agricole Microfinance Foundation has made a loan of AZN 600,000 (equivalent to EUR 560,000) available to Viator for a 3-year period.