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Azerbaijani entrepreneurs get lax loans worth over 1mln manat

Business Materials 15 October 2009 20:17 (UTC +04:00)
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Ministry of Economic Development held a meeting on the state support of entrepreneurship in the Agjabadi region.
Azerbaijani entrepreneurs get lax loans worth over 1mln manat

Azerbaijan, Baku, Oct. 15 / Trend , U.Ismayilova/

The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Ministry of Economic Development held a meeting on the state support of entrepreneurship in the Agjabadi region.

During the meeting, the authorized credit institutions have issued over one million manat to more than 100 entrepreneurs involved in agriculture in the Azerbaijani regions of Agjabadi, Fizuli, Beylagan, Zardab, Barda, Yevlakh, Imishli, Ujar, Bilasuvar and Neftchala. Financing projects through soft loans will help create over 150 new jobs.

As a result of activities undertaken in the Agjabadi region since early 2009, total lax loans issued by the NFES amounted to 103.2 million manat, the number of entrepreneurs receiving loans - more than 1,800 people. A total of 7,200 jobs were opened as a result of lax loans.

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