Azerbaijani entrepreneurs get loans worth 42 mln manat since early 2010

Azerbaijan, Baku, June 17 / Trend N. Ismayilova /

Azerbaijani entrepreneurs got loans on favourable terms to the amount of 42,5 million manat through the National Fund for Entrepreneurship Support under the Azerbaijani Ministry of Economic Development, executive director of the Fund Shirzad Abdullayev said.

"From the beginning of the year, favourable loans worth 42,5 million manat has been allocated to about 500 entrepreneurs, who functions in the regions of the country," Abdullayev said.

According to him, the main part of allocated funds was funds of loans to finance projects of construction of refrigerated warehouses for storage and sale of fruits, vegetables and other food products, warehouses for storage and cleaning of grain, meat and milk production, tourism development, production of modern construction materials.

NFES in the first quarter of the year allocated loans amounting to 19.052 million manat to entrepreneurs, financed 197 projects in various spheres of business.

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