166 more loans issued for Azerbaijani entrepreneurs on preferential terms

Over 166 loans worth 800,000 manat were issued for entrepreneurs enagaged in industry, agriculture, construction materials and tourism. Financing projects by preferential loans will help to create more than 330 new jobs.

The Fund has already provided loans worth 46 million manat through authorized loan organizations since early 2009. Within this period loans were issued for more than 930 businesses on preferential terms. Financing projects by preferential loans will enable to create more than 3,800 new jobs.

The Fund also conducted training on the preparation and assessment of investment projects submitted by businesses in an effort to receive preferential loans. Roughly 300 entrepreneurs took part in training dedicated to assessment of investment projects delivered by their businesses, designing business-plans and using preferential loans.

/Trend Capital/