The National Fund for Entrepreneurship Support (NFES) granted soft loans to entrepreneurs in Geychay and the surrounding areas.
As reported in the fund, authorized agents of the fund provided loans totaling 613 thousand manats to 46 businesses, which in turn will create about 80 new jobs.
Since the beginning of the year for the financing of 3,634 investment projects they have provided more than 246.7 million manat. For all the time in the Aran economic zone were implemented over 6,750 projects worth 305.7 million manat.
NFES was established in 1992 and active lending by the Fund began in 2002. Issuance of loans to entrepreneurs is arranged 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. Thus, the fund has mastered 98.7 % of the budget. - 15D -
Economics
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