Since 2007 the Azeri DemirBank is a partner-MFI of Incofin IM through investments of Volksvermogen and VDK Spaarbank MFI loan portfolio. VDK is now rolling over its 2 million USD loan to the bank. DemirBank is one of the most active Azeri banks in micro and SME financing focusing on the higher-income strata of micro entrepreneurs and SME clients. To pursue its social mission DemirBank is now looking to provide more smaller entrepreneurs with financial services.

Founded in 1989 and with EBRD and FMO amongst its owners, DemirBank is a full financial service provider offering loans, deposits and other financial products such as credit, plastic cards, money transfers and utility payments. DemirBank has well-designed and very accessible loan products. This leads to high client satisfaction, as shown by the client studies the bank conducted. DemirBank serves 37,000 clients and has a gross loan portfolio of 326 million USD.