15:18 - 10.02.2021

---

February 10, Fineko/abc.az. During the period of its activity, the Entrepreneurship Development Fund through authorized credit organizations, more than 38,000 entrepreneurs, the total value of whose investment projects exceeds AZN 5.9 bn, received subsidized loans for up to AZN 2.6 bn.

ABC.AZ reports with reference to the Fund that creation of more than 173,000 new jobs became possible due those loans.

To provide subsidized loans to business entities, the Fund cooperates with 40 credit organizations, including 21 banks, 6 non-bank credit organizations and 13 credit unions. Currently, the number of branch networks of authorized credit institutions has reached 457, including in 246 (54%) regions.

By Elmir Murad