German Azerbaijan Fund Uses Loan Workbench 1.4.2

At the end of May 2011, Softgenic Systems updated Loan Workbench to Version 1.4.2 in partner banks of the German Azerbaijan Fund.

Aims of the German Azerbaijan Fund include facilitating the economic growth of small and medium businesses in Azerbaijan and supporting partner banks in expanding their business activities, especially as this concerns small and medium enterprises. Providing long-term lines of credit to local commercial banks, the German Azerbaijan Fund provides access to lending services for medium and small businesses.

The German Azerbaijan Fund has been collaborating with Softgenic Systems since 2006. Loan Workbench's loan management system has been chosen for credit stocktaking and monitoring, and credit portfolio management in partner banks.

Andreas Franke, GAF Project Manager in Azerbaijan, commented on the use of Loan Workbench: "Softgenic's professionalism and smart solutions allowed us to minimize maintenance costs and improved the reputation of our company in the eyes of our partners substantially."

Sparkassenstiftung fur internationale Kooperation Additional information about GAF is available on the website: