AccessBank aiming to support the dynamic development of entrepreneurship in Azerbaijan, announces the signing of a new loan agreement. As a recognized leader in financing micro, small and medium-sized businesses (MSMB), the Bank has successfully finished the process of fundraising from the BlueOrchard Microfinance Fund, a prestigious international financial partner managed by the Swiss-based BlueOrchard Finance.

AccessBank raised a 3-year USD 10m loan facility from BlueOrchard Microfinance Fund that will be directed to the financing of micro-business loans in Azerbaijan. Attracted funding will make it possible for AccessBank to grow its MSME business loan portfolio, as well as to expand the measures to support the improvement of entrepreneurship in Azerbaijan. 

“This new funding facility from BlueOrchard Microfinance Fund reflects the trust that our Bank has in the global financial community,- and also highlights the financial strength of the Bank. I would like to thank our colleagues from BlueOrchard for their support and  further strengthening of the business community in Azerbaijan”, - claimed Davit Tsiklauri, a Chairman of the Management Board of AccessBank.

Normunds Mizis, Chief Credit Officer of BlueOrchard, commented: “We are pleased to announce our new partnership with AccessBank to support its strong commitment to financial inclusion and the support of MSMEs. We look forward to jointly making a positive contribution to the people in Azerbaijan.”

BlueOrchard is a leading global impact investment manager. As a pioneering impact investor, the firm is dedicated to generating lasting positive impact for communities and the environment. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments. Today, BlueOrchard offers impact investment solutions across asset classes, connecting millions of entrepreneurs in emerging and frontier markets with investors. BlueOrchard has invested to date over USD 10 billion across more than 105 countries. Over 280 mn people with low income in emerging and frontier markets received access to financial and related services with the support of BlueOrchard as of December 2022. BlueOrchard is a member of the Schroders Group. For further information, please visit: www.blueorchard.com

AccessBank has been a leader in the microfinancing market and has been providing services to small and medium-sized enterprises since 2002. The bank's shareholders include the Asian Development Bank, the European Investment Bank, the International Finance Corporation, and other international organizations and investment funds. With 32 branch offices, including 14 in Baku and 18 in regions, AccessBank continues to offer accessible financing options for MSMEs.

For more information on the services provided by AccessBank, call 151 or visit bank’s website at www.accessbank.az. You can also follow the bank's social media accounts on Facebook, Instagram, LinkedIn.

*AccessBank CJSC provides its services under license No. 245 dated 25 October 2002, issued by the Central Bank of the Republic of Azerbaijan. The bank's headquarters are located in Baku city, Yasamal district, Tbilisi Avenue 3.