ADFIAP, AMFA to develop joint programs on microfinance, others

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ADFIAP and the Azerbaijan Micro Finance Association (AMFA) have signed a memorandum of cooperation on December 21, 2009 for a joint partnership to develop and promote training and capacity-building programs, among other activities, on microfinance, financial inclusion and related subjects to enhance their respective members’ professional and business viability and sustainability. Signing the memorandum of cooperation were Ms. Jhale E. Hajiyeva, Executive Director of AMFA and Mr. Octavio B. Peralta, Secretary General of ADFIAP.

The cooperation will begin with a modest sharing of information through exchange of newsletters and website updates. Other envisioned activities, going forward, include mission exchanges and study tour programs as well as strategic alliances and business networking among ADFIAP and AMFA’s members and partner-organizations.

The Azerbaijan Micro-Finance Association (AMFA), the focal organization of 27 member-microfinance institutions in the country, was created in December 2001 as follow up of the first Azerbaijan Microfinance Conference held in the capital city of Baku.

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