SMB

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Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

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.