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Azerbaijan implements project to support development of female entrepreneurship

Business Materials 11 June 2019 13:23 (UTC +04:00)

Baku, Azerbaijan, June 11

By Matanat Nasibova – Trend:

The Association of Women Entrepreneurs of Azerbaijan continues to provide assistance to women who are at the initial stage of entrepreneurial activity in the regions, Head of the Association Sakina Babayeva told Trend.

According to her, a new project is currently developed to provide support in conducting business to the women who do not have a breadwinner in the family.

"This project is mainly aimed at enhancing the role of women entrepreneurs in business. They will receive financial assistance as part of the project, and will also attend in special training courses. The project was initiated by our association, and we have invited the State Secretariat for Economic Affairs (SECO) of Switzerland to participate in this project. It has now been approved by SECO and shall be fully implemented within nine months," Babayeva said.

The Head of the Association noted that the project will be sponsored by the Association of Women Entrepreneurs of Azerbaijan and SECO.

"The total cost of the project is 40,000 euros. Of this amount, 30,000 manats will be invested by the association, and the rest of the funds will come through SECO. We will commence with the implementation of the project next month. It involves mainly women entrepreneurs from the regions. Within the project, 30 women will be provided with working capital in the range of 1,700 to 3,000 manats for the initial stage of doing business. About $30,000 have been allocated to provide financial support to women in the process project," said Babayeva.

The Association of Women Entrepreneurs of Azerbaijan was established with the support of the State Committee for Family, Women and Children Affairs of Azerbaijan in October 2017.

Over 143,000 women are engaged in business in Azerbaijan, according to the statistics.

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