More micro and small enterprises to be funded

17:29 - 11.03.2024

March 11, Fineko/ The Azerbaijan Mortgage & Credit Guarantee Fund has completed work on mechanisms relating to provision of a portfolio and bonds in Azerbaijan.

ABC.AZ reports that Elshan Kerimov, the director of the AMCGF Department of Credit Guarantees, said about this.

He added that the relevant provisions for both projects have already been approved.

"Within the portfolio guarantee mechanism, it is planned to finance more micro and small businesses. The bond guarantee mechanism is conceived as an alternative financing," Kerimov said.