NFES already spent nearly 3% of the budget for 2013
The National Fund for Entrepreneurship Support (NFES) provided loans to businesses in the surrounding areas of Agsu.
As reported in the fund, the fund's authorized agents issued 45 loans to businesses for a total of 374,500 manat, which in turn will create about 70 new jobs.
Since the beginning of this year to finance 50 investment projects they have allocated 8.4 million manat.
NFES was established in 1992 and started active lending in 2002. Loans are issued to entrepreneurs by 38 authorized banks and non-banking credit organizations. In 2012, the Fund for the financing of 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are projected at 300 million manat, of which 50 percent should come from the budget. - 15D -
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- Economics
- 18 January 2013 14:45
Economics
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