SMB

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Students of the Azerbaijan University of Tourism and Management visit the “Baku SME House” KOBIA Participates with a Dedicated Stand at the “Rebuild Karabakh” Exhibition Euronews Broadcasts a Feature on Azerbaijan’s SME Ecosystem and the Activities of KOBIA Public Hearing and Discussion Held on Draft Technical Regulations Concerning Machinery and Equipment, Lubricants, Light Industry, and Furniture Products The Composition of the Expert Council for the Issuance of the “Startup” Certificate has been renewed SME Cluster Company Established to Contribute to the Green Economy Innovative SMEs’ Solutions Showcased at the “CIDC 2025” Festival “KOB FEST” exhibition-fair will be hold in Goychay The Azerbaijan Halal Business Forum has concluded Public Hearing and Discussion on Draft Technical Regulations for Non-Food Industrial Products

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.