About us

We started in Ganja in 2009 with two people and one room. Today we have branches in 12 towns and 118 loan officers, and 58% of our borrowers live outside Baku.

Street chess in Ganja: men playing in a square

We started in Ganja

Rauf Samadov spent five years as a loan officer with an international microfinance programme. He lent to market traders, bakers and tailors, and one thing he saw became the basis of Dayaq: a small business’s income is on the counter, not in the books, and you have to go there to see it.

In April 2009 we got our Central Bank licence and opened the first branch in Ganja. A year later came Shaki, in 2011 Lankaran, and the harvest-linked schedule for farmers started in 2013. The head office moved to Baku in 2016.

How we lend

A loan officer comes to you
For business and farm loans we decide by looking at your shop, workshop or farm, not at paperwork.
The payment has to fit the income
We lend when monthly payments on all loans stay within 45% of net income. When they would not, we offer a smaller sum.
Everything carries the APR
On this site, in adverts and in the contract the effective annual rate is shown beside the rate, the fee included.
No daily loans
Our shortest loan is one month. The late penalty is charged only on the late payment.

2025 in figures

loans made, ₼84.3 mln in all: 21,640; loans made, ₼84.3 mln in all
average loan: ₼3,895; average loan
of borrowers are women: 41%; of borrowers are women
of the portfolio more than 30 days late (31 December): 2.9%; of the portfolio more than 30 days late (31 December)

From the audited accounts. All figures are on the Disclosures page.

Disclosures

Management

Rauf Samadov
Chair of the Management Board, founder
From 2003 to 2008 he was a loan officer with an international microfinance programme in Ganja. In 2009 he opened Dayaq with two staff and one branch. He answers for the lending policy and the branch network.
Narmin Gasimova
Deputy Chair, risk
Twelve years in a bank’s credit risk department. She set up our debt-⁠to-income rule and the restructuring procedure for late borrowers, and chairs the credit committee.
Elchin Huseynli
Head of Lending
He started in 2011 as a loan officer at the Lankaran branch, designed the farm loan’s harvest-linked schedule and the group loan for women, and now runs the work of our 118 loan officers.

Our borrowers

The bank wanted the same sum every month, but tomatoes pay twice a year. Here I repay the loan in May and November and only the interest in the other months.
Elshan GuliyevBoladi village, Lankaran
Loan:
Farm loan, ₼12,000, 18 months
Bought:
A second greenhouse, drip irrigation and a heater for winter
Result:
Greenhouse space grew from 600 m² to 1,400 m², with a winter crop too
Five of us neighbours formed a group and none of us had to pledge anything. In the second cycle I took 3,000 manat, and now I sew school uniforms to order.
Saadat RzayevaShaki
Loan:
Group loan for women, ₼2,000, 12 months
Bought:
A professional sewing machine and an overlocker
Result:
Forty school uniform sets a month, sewn to order
The loan officer came to the apiary and looked at last year’s honey sales. I repay the loan in August and September, when the honey sells.
Kamil BabayevNear Qirmizi Qasaba, Guba
Loan:
Farm loan, ₼4,500, 12 months
Bought:
Thirty new hives and a honey extractor
Result:
Colonies grew from 45 to 75