Sabirabad Businesses Get Loans through NFES

Priorities for the business people of the Sabirabad region have been identified. According to the National Fund for Entrepreneurship Support (NFES), it is advisable to lend for "green stores," enterprises for the production of bread, ketchup, mayonnaise, mustard, cheese and dried fruit, as well as large farms, small livestock farms, and farms of intensive horticulture.

Holders of such projects can count on appropriate consultation with the authorized credit organizations of NFES, and in case of success on a loan of up to 100% of the project cost.

NFES at the Ministry of Economy and Industry was established in 1992. Its agents in the issuance of loans are 57 banks and non-bank credit organizations.

In 2014, NFES allocated 295 million AZN to entrepreneurs. Recall that in the same year, the prosecutor's office initiated four criminal cases concerning the theft of NESF funds by banks. Unearmarked credits for this line, too, were the subject of intense investigation of law enforcement bodies of Azerbaijan. --17D-