Entrepreneurship Fund guaranteed loans given on June 24 for two projects in Karabakh

17:07 - 24.06.2024

June 24, Fineko/abc.az. The Entrepreneurship Development Fund under the Ministry of Economy, within the framework of the mechanism of guarantees and subsidies, guaranteed loans issued for the implementation of two projects in the territories liberated from occupation, ABC.AZ reports, quoting EDF head Rustam Aliyev.

He added that guarantees (90%) were provided for a loan in the amount of 800,000 manats for activities in the field of public catering in Shusha and a loan in the amount of 350,000 manats for provision of laundry services in Khankendi.

In general, this mechanism envisages provision of a state guarantee for 450 million manats for a loan in the amount of 500 million manats.