17:45 - 2.11.2020

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November 2, Fineko/abc.az. The loans in the total amount of more than AZN 58.6 million were given in October to entrepreneurs under the guarantee of the Azerbaijan Mortgage & Credit Guarantee Fund.

ABC.AZ was informed at the Fund that thus, to date, the amount of loans given to entrepreneurs with the use of guarantees and interest subsidies has exceeded AZN 180 million.

The average term of the guaranteed loans is 31 months, and the interest rate on loans paid by borrowers from the provided subsidies is 6.5%.

Through these loans, over 2,700 jobs will be created by financing business projects.

The amount of loans given to the borrower to Fund’s guarantee account ranged from AZN 40,000 up to AZN 5 million.