SMB

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

Attention to manufacturers wishing to showcase their products and services free of charge at the 'Caspian Agro' and 'InterFood Azerbaijan' exhibitions! Our country will be represented by this Startup in AIM Congress International Startup Congress Rising Interest of Youth in Entrepreneurial Activities The choice is simple: It must be locally produced, sold by the manufacturer, and the products must be fresh and high-quality Informational Flyers and Brochures Prepared by KOBIA Applications from entrepreneurs working in agriculture, industry, and services have been reviewed The implementation of Aghdash district’s business opportunities was discussed with the participation of entrepreneurs Woman entreprenuers strengthening their role in economy with the state support SME Bazaar fair began its activity The results of the startup competition "From us to business" have been announced

Banks' involvement is growing toward SMB financing 17.02.20

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan continues to cooperate with banks to expand access to financial resources for micro, small and medium businesses (SMBs).

The next project in this field is "Enhancing Access to the Financial Market" implemented jointly with AFB Bank. The project envisages opportunities for SMBs to receive a bank loan and meet the relevant requirements to provide a collateral (even countryside land lot will be considered as collateral) by region of their residence, granting unsecured loans up to 5,000 manats, and subsidies to the farmers until the harvesting (only interest will be paid monthly), obtaining micro-loan per specifics of the business, and discount on all types of loan interest. Moreover, experts will provide the entrepreneurs with information on finance, accounting and market research within the project.

The first presentation on the project "Enhancing Access to the Financial Market" was held in Gabala. The event, which was attended by over 50 entrepreneurs who applied to SMBDA's Gabala-Oghuz "SMB Friend" for access to financial resources, as well as representatives of the Agency and AFB Bank, provided detailed information about the project and answered the questions of interest of entrepreneurs.