TODAY.AZ / Business

Preparation of second stage of IFAD programme to start soon

05 December 2005 [19:49] - TODAY.AZ
According to the Aid to Development of Private Sector in Agriculture Agency preparation of the second stage of the Programme on Development of Mountainous and Alpine Territories of IFAD will be started soon.

In accordance with agent agreement signed between the Ministry of Finance and "Micromaliyye" LLC Non-Bank Credit Organization, 763 joint debtor groups were formed in Gabala, Shahbuz, Gadabey, Lerik and Guba regions during the first stage of the programme and they were given 11,305,000,000 manats (2,5 million USD) of credit.

The amount of the credits given to small and middle entrepreneurs in cooperation with the "Turanbank" Commerce Bank by another agreement formed 571,5 million manats (125000 USD).



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