Azerbaijani entrepreneurs get favorable loans worth 230,000 manat

The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 230,000 manat to 22 entrepreneurs of  Lerik and nearby regions today, the ministry said.

Some 40 new job places will be opened at the expense of these funds. The (NFES) organized the next event in the Shabran region, which was attended by about 300 entrepreneurs, working in Lerik economic area. The event also defined priority areas in the Lankaran region for confessional financing of projects.

The event participants got familiarized with the latest completing works on cooling warehouse with a capacity of 2,000 tons in Jalilabad, which is being constructed by "Cavid-S" Ltd at the expense of the favorable loan, and the grain barn with a total capacity of 10,000 tons, being built by "Avanqard" Ltd at the expense of the favorable loan received from the NFES.

The NFES also held a training session during which the entrepreneurs were briefed on the mechanism of issuing favorable loans, the formation of business ideas, and the preparation of and rules for investment projects.


/Trend/