National Fund for Entrepreneurship Support (NFES) granted soft loans to entrepreneurs in Saatly and the surrounding areas.
As reported in the fund , the fund is authorized agents 62nd to businesses provided loans totaling 532.9 thousand manats, which in turn will create about 100 new jobs.
Since the beginning of this year to fund more than 3859 investment projects provided more than 262.7 million manat. For all the time in the Aran economic zone they implemented 6860 projects worth 313.9 million manat.
NFES was established in 1992 and its active lending 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 were projected at 250 million manat. - 15D -
Economics
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