SMB

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

A survey is conducted among foreign trade participants Awareness-raising event organized by the Electronic Security Service at KOBİA To the attention of entrepreneurs wishing to benefit from opportunities of SMB Model Enterprise! A meeting was held between KOBİA and Sumgait State University Follow-up meeting of the working group “Corporate Governance, Investments and Corporate Social Responsibility” was held A meeting was held between KOBİA and MUSAID representatives Citizen reception organized at KOBİA Another 4 micro-entrepreneurs were awarded with a "Startup" certificate B2B meetings were held between businessmen of Azerbaijan and Turkiye Representatives of the Entrepreneurship Development Fund (Damu) of Kazakhstan got familiar with KOBİA’s experience

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.