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NFES Plans to Lend to Entrepreneurs in Yardimli
The desired trends in business in the Yardimli region have been specified. As stated in the declaration of the National Fund for Entrepreneurship Support (NFES), they will consider advantageous projects for the construction and opening of the enterprises for manufacture of bread, sweets, cheese, cattle-breeding complexes, beekeeping farms, as well as plastic windows and doors.
Holders of such documented plans will receive priority, in consultation with the authorized credit organizations. If successful, the banks can give them a loan of up to the full cost of the projects.
NFES at the Ministry of Economy and Industry was established in 1992. It has 60 banks and micro-finance organizations as agents. In the past year, for the needs of businesses there was allocated 295 million AZN. This year the allocation of 220 million AZN is planned. --17D-
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