SMB

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

Meeting was held with citizens joined the self-employment programme in Gabala More than 800 business entities and potential entrepreneurs have attended the business trainings Entrepreneurs engaged in production are invited to the training of the SMB Model Enterprise “Unibroad” educational platform among the best startups around the world The Azerbaijani startup produced the “Sculptor” device The startup to represent our country unveiled at "AIM Congress" Meeting was held with Samukh entrepreneurs, with the SMB friend office goes operational More than 99 thousand services provided to entrepreneurs at the SMB houses in Q1 of current year A survey is conducted among foreign trade participants Awareness-raising event organized by the Electronic Security Service at KOBİA

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.