SMB

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

The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

Additional concessionary financing mechanism for entrepreneurs 07.12.19

The Small and Medium Business Development Agency of the Republic of Azerbaijan (SMBDA) will cooperate with Rabitabank to expand access to finance for micro, small and medium businesses operating in the agricultural sector.

This cooperation will be implemented within the framework of the "Agricultural Competitiveness Enhancement Project" of the World Bank and Agro Credit and Development Agency under the Ministry of Agriculture. Rabitabank is an agent bank of the project.

The main objective of the project is to provide financial support to the processing, sale, and production of agricultural products. Initially, $ 3 million is allocated to the projects to be implemented in this area. The loan will be issued under the project for seven years with 8.8% interest.

SMB friends of SMBDA operating in different cities and regions of the country will regularly inform micro, small and medium businesses about the project, provide them with information and consulting services, and connect entrepreneurs who apply for financial support to the Agency to build and expand their business in the agrarian sector with the bank. Moreover, the entrepreneurs who will apply to the bank for a loan under the project through the coordination of SMBDA will receive a 1% discount on business loans.