Azal Microfinance App

Azal Microfinance App

The Azal Microfinance App is the comprehensive solution for managing finance requests and paying installments with ease. The app operates on Islamic financing principles, where a client's needs are acquired from merchants and agents and resold to them on deferred terms with a clear profit margin.

With the app, you can:
- Submit Financing Requests: Easily and quickly submit your requests for financing for small businesses or commercial activities.
- Pay Installments and Fees: After your financing is approved, you can easily pay all installments and fees via digital wallets.
- Track Request Stages: Follow the status of your requests at every stage, from submission to approval.
- View Finances: Get a comprehensive overview of all your finances, whether active or completed.
- Review Payments: Keep track of all payments and repayments related to your finances.
- Explore Financial Products: Learn about the features and conditions of our various financial products.
- Find Branch Locations: Get information about our branch locations and contact methods.

Important Note:
The financing process is conducted at the office. The app only receives your initial request. Afterwards, you will be contacted to complete the procedures and determine the final financing terms.

Azal Microfinance Terms:
- Minimum and Maximum Repayment Period:
Our financing repayment periods range from a minimum of 3 months (90 days) to a maximum of 36 months, depending on the specific product and the nature of the client's -activity.
- Repayment Frequency:
Repayments can be monthly, quarterly, semi-annually, or annually based on the agreement with the client.
- Maximum Annual Profit Margin (APR):
Our system does not operate on interest. We apply a maximum annual profit margin of 25% (the rate varies by product). There are no late fees on overdue payments.

Representative Example of the Total Cost:
If a client's need is acquired for 1,000,000 YER and sold to them for 1,200,000 YER with a 12-month repayment period, the total cost of financing is 200,000 YER. This amount would be repaid in equal monthly installments of 100,000 YER