BAKU/16.12.13/TURAN : National Fund for Entrepreneurship ( NFES) provided entrepreneurs in Goygol and surrounding areas concessional loans .
As reported in the fund , the fund is authorized agents of the 45 business entities provided loans totaling $ 554 thousand manats, which in turn will create over 70 new jobs.
Since the beginning of this year to finance more than 4,260 investment projects allocated more than 270.4 million manat. For all time in Ganja -Gazakh economic zone was implemented more than 3,500 projects worth 132.2 million manat.
NFES was established in 1992 and active lending by the Fund began in 2002. Issuance of loans to entrepreneurs 38th authorized banks and non-banking credit organizations. In 2012, the Fund for the financing of investment projects in 2,400 areas allocated 218 million manat. NFES loans in 2013 were projected at 250 million manat. - 15D -
Economics
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