ID 220411132 · FY 2017–2024 · 8 years
Zugdidi-headquartered microfinance institution founded by Oxfam GB in 2000, focused on rural lending in western Georgia with a 18-branch network and over 13,900 borrowers (>50% women, mostly agricultural).
curated 2026-06-03lazikacapital.gelinkedin.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net interest income | 6,471 | 9,601 | 9,326 | 9,764 | 12,426 | 12,647 | 12,560 | 11,363 | +8.4% |
| Net foreign currency gain / (loss) | 106 | -1,754 | -1,592 | -5,264 | 2,254 | 5,522 | 526 | -1,111 | nmf |
| Net other income | 0 | 0 | 0 | 2,138 | -6,191 | -9,868 | -2,982 | -340 | nmf |
| Operating income | 6,577 | 7,847 | 7,734 | 6,638 | 8,489 | 8,301 | 10,104 | 9,912 | +6.0% |
| Operating expenses | -1,545 | -5,646 | -6,034 | -6,919 | -7,501 | -7,558 | -9,114 | -8,455 | +27.5% |
| Operating income before cost of risk | 5,032 | 2,201 | 1,700 | -281 | 988 | 743 | 990 | 1,457 | -16.2% |
| Profit before income tax | 1,204 | 341 | 746 | -281 | 988 | 743 | 990 | 1,457 | +2.8% |
| Income tax expense | -289 | -314 | -132 | -36 | 61 | -320 | 67 | -283 | -0.3% |
| Profit | 915 | 27 | 614 | -317 | 1,049 | 423 | 1,057 | 1,174 | +3.6% |
| Net profit margin | 13.9% | 0.3% | 7.9% | -4.8% | 12.4% | 5.1% | 10.5% | 11.8% |
Ownership & directors from companyinfo.ge (public corporate registry).