NFES allocated to entrepreneurs almost 85 million manats this year

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

As reported in the fund, authorized agents of the Fund provided 58 subjects of entrepreneurship loans totaling 606 thousand manats, which in turn will create over 100 new jobs.

Since the beginning of this year to finance 729 investment projects allocated 84.8 million manat. For all the time in the Nagorno-Shirvan economic zone there were implemented more than 850 projects worth 25.1 million manat. Thus, the fund has mastered 33.9% of the budget in 2013.

NFES was established in 1992 and its active lending began in 2002. Issuance of loans to entrepreneurs is provided 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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