SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

A training was held for women entrepreneurs on access to finance. 07.02.26

The training provided information on financial instruments such as government's preferential loans, loans secured by equipment, collateral for loans taken from banks in manat, and subsidizing the interest accrued on those loans.

At the joint initiative of the Small and Medium Business Development Agency (KOBIA) and the Central Bank, a training session on "Access to Concessional Financial Sources" was organized at the Baku SMB House to increase financial accessibility for women entrepreneurs.

At the training, representatives of the Azerbaijan Business Development Fund (ABDF) and the Mortgage and Credit Guarantee Fund (MCGF) made presentations and informed women entrepreneurs about financial instruments intended for entrepreneurial activity, their delivery channels, requirements and criteria for entrepreneurial entities to obtain benefits, and application procedures. It was noted that entrepreneurs can use from financial products such as ABDF's preferential loans (up to 5% annual interest rate), loans secured by equipment (up to 9% annual interest rate), loan guarantees and interest subsidies (up to 15% annual interest rate), etc. The Fund's loan funds are directed to priority areas determined in accordance with the country's socio-economic development, especially the development of the non-oil sector, the application of innovative technologies, and financing investment projects for export operations. MCGF supports the development of entrepreneurship by providing guarantees for loans received by entrepreneurs from banks in manat and subsidizing part of the interest accrued on these loans. Entrepreneurs can contact authorized credit institutions to use these financial instruments, and for more information, contact KOBIA, ABDF, and MCGF.