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Entrepreneurs Binagadi received preferential loans for AZN 657,000
The National Fund for Entrepreneurship Support (NFES) has provided entrepreneurs working in the village Rasulzade Binagadi soft loans.
As reported in the fund, as part of the state support of entrepreneurship in Baku settlements, agents of the fund provided 32 business entities with loans totaling 657 thousand manats, which in turn will create over 50 new jobs.
During the 2011-2012 period, and this past year for lending to entrepreneurs in Baku settlements on 594 projects were directed funds to 139.4 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. - 15D -
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