SMB

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

Three More SMEs Awarded “Startup” Certificates Public discussion is organized due to green transport business Opportunities for entrepreneurial activities in regions : SME Friends, SME Development Agencies The Promotional Exhibition of Local Companies is Commencing Meeting was held with Entreprenuers engaed in import and export 8th Plenary Session of the CICA Business Council and the 10th Business Forum Held in Baku Attention to SMEs Wishing to Showcase Their Products and Services at the “2nd Turkic Trade Fair”! Young Entrepreneurs from Azerbaijan and Turkiye Discuss Prospects for Cooperation With Government Support, Nearly 10 Entrepreneurs Participate in “Caspian Agro” and “InterFood Azerbaijan” Exhibitions Another Training Held for Entrepreneurs Engaged in Export Activities

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.