The profits of MFOs dropped

The profits of MFOs dropped

access_time2019-03-25 14:00:53

In  2018 the profits of microfinance organizations amounted to GEL 31,124 732 that is GEL 13 426 238 less than in the previous year. Last year  the net profit of MFOs  made GEL 44, 550, 970. The microfinance institutions  revenues from loans to individuals amounted to GEL 353,254,741  while income earned from loans to legal entities - GEL 3,270,875.

Microfinance organizations paid GEL 13,267,516 as profit tax in the reporting period.


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