The National Fund for Entrepreneurship Support NFES plans to provide loans to entrepreneurs in Khyzy region
The National Fund for Entrepreneurship Support (NFES) has identified priority areas for lending to businesses in Khyzy, reported in the announcement of the Fund.
It is considered reasonable to credit projects in the Khyzy region: livestock farms, bee farms, including honey production by industry, enterprises for the production of cheese, as well as the manufacture of plastic doors and windows.
"Entrepreneurs operating in Khyzy may submit to the authorized credit organizations of the Fund to their projects in these areas. They also can get money for consultation. Moreover, based on the wishes of entrepreneurs the NFES can provide a loan of up to 100% of the project," reads the announcement.
The NFES was established in 1992. The agents of the Fund while issue of the loans are 46 banks and non-bank credit organizations. In 2013, the Fund issued subsidized loans for 275 million manat. In 2014 the Fund plans to issue 280 million manat loans. Recently there are shocking scandals due to misappropriation by authorized banks multimillion funds through the front entrepreneurial farms. --17D—
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