Soft loans to Azerbaijani entrepreneurs up by 50%
Baku, Azerbaijan, March 6
By Ilkin Shafiyev – Trend:
The National Fund for Entrepreneurship Support of Azerbaijan allocated soft loans worth 33 million manats for entrepreneurs in January-February 2018, the Fund’s Executive Director Shirzad Abdullayev said.
He made the remarks at a ceremony of signing a protocol of intent for cooperation by the National Fund for Entrepreneurship Support of Azerbaijan, the Center for Simplified Support to Family Businesses (ABAD) and Azer Turk Bank.
Abdullayev said the soft loans during the first two months of 2018 were 50 percent more than in January-February 2017.
He noted that during the period from 1992 to 2017, soft loans worth 2.1 billion manats were issued to entrepreneurs through the Fund for projects costing 4.5 billion manats and 34,600 entrepreneurs obtained those loans.
The Fund plans to allocate soft loans worth 170 million manats for entrepreneurs in 2018.