FermerALES - Financial Advisor of Farmers

To increase Azerbaijani farmers’ financial literacy level and access to finance, Ministry of Agriculture’s Agency for Agricultural Credit and Development (AKİA) developed FermerALES (Fermer Agricultural Loan Evaluation System) within the EBRD’s Azerbaijan Agricultural Finance Facility programme which is funded by European Union.

Innovative and user-friendly FermerALES system allows the farmers to make a financial evaluation of their farm activities, assess their own credibility and repayment capacity before applying for a loan.

The system is integrated to the web-site of AACD accessible for use of farmers. On the website of AACD (www.akia.gov.az) by clicking FermerALES button, farmers will be able to access easily to the website of FermerALES. (www.fermerales.az)

Farmer can see the estimated credit offer with suggested limit ranges for selected specific farming activities. All the information about farmer’s farm income and credibility can be downloaded as a report in which you can analyse your own farm, even use as an indicative financial report before you apply to a credit institution. Together with this report, banks also consider some other factors such as your credit history, farming experience, and loan guarantee type you provide, etc., to decide a loan for you.