A local business has spent more than 98 % of concession lending for 2013

The National Fund for Entrepreneurship Support (NFES) granted soft loans to entrepreneurs in Sheki and the surrounding areas.

As reported in the fund are authorized agents of the Fund 45- business entities provided loans totaling $ 638 thousand manats, which in turn will create about 80 new jobs.

Since the beginning of the year 3527 on the financing of investment projects provided more than 245.2 million manat. Total in Sheki -Zagatala economic zone projects were implemented in 1444 in the amount of 83.3 million manat.

NFES was established in 1992 and active lending by the fund began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. Thus, the fund has mastered 98.1 % of the budget. - 15D -