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ASM Annual Board meeting and retreat was conducted on November 2, 2007 in Guba. The agenda of the Board meeting was the replacement of the resigned member, discussion of minutes/action points from the previous meeting and update on funding situation, rating report and the business plan as well as approval of proposed write offs.

The purpose of the retreat was to identify board rules, general assessment of the current board practices to identify areas needing improvement.

Retreat Photos

ASM received its first loan from Triple Jump. The agreement was signed between Triple Jump and Azeri Star Microfinance LLC on July 2007. According to the loan agreement Triple Jump is going to issue a loan of the equivalent of 300.000 Euro in Azeri Manat (three hundred thousand euro in AZN), in favor of Azeri Star Microfinance. The purpose of the Loan will be to finance the expansion of the ASM's loan portfolio.

In Barda, Ganja and Goychay branches, Azeri Star Microfinance has reached over 6,000 borrowers through solidarity group loans with more than $2,300,000 outstanding loan portfolio. About 68% of active borrowers are female microentrepreneurs. Since 2002, the repayment rate is above 95%


Please send filled ASM Job Application form along with your CV to Azeri Star Microfinance Branches or e-mail to 

Only short listed candidates will be called for an interview and informed of their application status. Please do not follow up with phone calls.

Download ASM Job Application form
(the form is free and may be photocopied)

© 2007 Azeri Star Microfinance LLC