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Leman Credit Union LLC, Azerbaijan

Leman credit union is providing microcredits to its low-income members. Loans are 500-2000 USD, disbursed for 6-18 months.

  • Stage Concept Only
  • Industry Financial Services
  • Location Agsu, Azerbaijan
  • Currency USD
  • Founded August 2001
  • Employees 9

Company Summary

Leman was initially established in 1999, whose purpose was to support its low-income members in entrepreneurial activity, improving their living condition via promoting their private businesses through small loans from the company. In 2002 Leman started distributing microloans to members, now works in 5 regions with increased shares , earned revenues and borrowed loans from the local lenders. Leman needs more capital to improve its indicators.


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    Agasen Mursalov
    Management Board Chairman

    Agasen was an economist in state organisation for a long time. Since 1999, he has been running Leman Credit Union with daily involvement.

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    Penah Guliyev
    Chiev Accountant (Board Member)

    Penah graduated from Economic University. He has been working with Leman for 10 years.

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    Senan Nematov
    Admin Officer

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    Azad Jannataliyev
    Credit Committee Chairman


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    Mursalov Elnur
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    Guliyev Penah

Previous Investors

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    Credit Implementing Agency, NBFI, Azerbaijan
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    National Fund Supporting Entrepreneurship, Azerbaijan