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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.
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Azerbaiyán pone en marcha una plataforma de préstamos preferenciales para las PYMES, que concede préstamos por valor de 1.800 millones de dólares.