Azerbaijan launches preferential lending platform for SMEs, issuing $1.8bn in loans.

Azerbaijan is set to launch a preferential lending mechanism via an electronic platform to enhance access to financing for entrepreneurs. Osman Khaliyev, Chairman of the Entrepreneurship Development Fund, reported that over 3.2 billion manat ($1.8 billion) in preferential loans have been issued, benefiting numerous microenterprises and small to medium-sized businesses. The initiative aims to streamline processes and foster collaboration with various credit organizations.

October 23, 2024
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