BAKU/30.10.13/TURAN National Fund for Entrepreneurship Support (NFES ) has provided entrepreneurs working in the village Myardakan , Khazar district with preferential loans.
As reported in the fund , as part of the state support of entrepreneurship in Baku settlements , agents of the fund issued loans totaling $ 676 thousand manats to 17 businesses, which in turn will create about 50 new jobs.
Since the beginning of this year to fund more than 3,760 investment projects, there has been allocated 249 million manat. During the 2011-2012 period, and this past year for lending to entrepreneurs of the Baku villages on 631 projects funds of 145.8 million manat were directed.
NFES was established in 1992 and active lending by the Fund began in 2002. Issuance of loans to entrepreneurs is done by 38 authorized banks and non-banking credit organizations. In 2012 the Fund to finance investment projects in 2400 areas allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. Thus , the fund has mastered 99.6 % of the budget . - 15D-
Economics
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