Business loans do not require guarantee - INNOVATION


October 4, Fineko/abc.az. The requirement to guarantee business loans within the framework of the credit guarantee mechanism of the Azerbaijan Mortgage & Credit Guarantee Fund has been canceled.

ABC.AZ reports that the relevant statement was made by the AMCGF. The abolition of the guarantee requirements for business loans given within the existing mechanism will create conditions for further financing of business entities, increase access of entrepreneurs with insufficient security to financial resources, diversify the economy, support economic activity and develop the non-oil sector in Azerbaijan.


Author: Elmir Murad