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Azerbaijani entrepreneurs get over 96M manats in soft loans since early 2017

Business Materials 5 October 2017 20:45 (UTC +04:00)
Azerbaijan’s National Fund for Entrepreneurship Support has provided preferential loans worth 96.5 million manats to businessmen since early 2017.
Azerbaijani entrepreneurs get over 96M manats in soft loans since early 2017

Baku, Azerbaijan, Oct. 5

By Anvar Mammadov – Trend:

Azerbaijan’s National Fund for Entrepreneurship Support has provided preferential loans worth 96.5 million manats to businessmen since early 2017, the Economy Ministry said Oct. 5.

These loans were allocated for 1,270 entrepreneurs, according to the message.

As part of the business forum held today in Khirdalan city, entrepreneurs received preferential loans worth 5.6 million manats. These funds will be used for developing animal husbandry and poultry farming, production of packaging, building materials and adhesive tape, as well as construction of a modern greenhouse complex and will create more than 160 new jobs.

It is planned to allocate 150 million manats through the National Fund for Entrepreneurship Support in 2017.

(1.7002 AZN = 1$ on Oct. 5)

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