Through the United States Agency for International Development (USAID)-funded Small and Medium-sized Enterprise (SME) Support through Financial Sector Development (SME-FSD) project, the QED Group contracted Banyan Global to conduct a three-day training in Azerbaijan called “Tools and Techniques for Effective Financial Risk Management.” The training was provided to members of the Azerbaijan Microfinance Association (AFMA) and covered interest-rate risk-management requirements, managing deposits, liquidity risk-management requirements, internal-audit requirements, and human-resource requirements for risk management. At the end of the course participants were able to measure, manage, and monitor the foreign exchange; liquidity; and interest-rate risks of a microfinance institution to make more-informed decisions for continued sustainability and profitability and to meet the requirements of investors, commercial funders, and regulators. The course contributed to SME-FSD’s strengthening of AFMA’s ability to be a training, service, and advocacy institution that encourages the development of non-bank financial institutions that serve micro, small, and medium-sized enterprises (MSME) clients.