SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities! Another 10 SME entities have been issued "Startup" Certificates Legal form for entrepreneurial activity A regular meeting with entrepreneurs was organized in Kurdamir District For which services entrepreneurs applied to SME Houses Next reception of citizens held at KOBİA What events will be organized for entrepreneurs in August? “Ganja SME House” provided entrepreneurs with more than 2,000 kinds of services during the first three months of activity

A training was held for women entrepreneurs on access to finance. 07.02.26

The training provided information on financial instruments such as government's preferential loans, loans secured by equipment, collateral for loans taken from banks in manat, and subsidizing the interest accrued on those loans.

At the joint initiative of the Small and Medium Business Development Agency (KOBIA) and the Central Bank, a training session on "Access to Concessional Financial Sources" was organized at the Baku SMB House to increase financial accessibility for women entrepreneurs.

At the training, representatives of the Azerbaijan Business Development Fund (ABDF) and the Mortgage and Credit Guarantee Fund (MCGF) made presentations and informed women entrepreneurs about financial instruments intended for entrepreneurial activity, their delivery channels, requirements and criteria for entrepreneurial entities to obtain benefits, and application procedures. It was noted that entrepreneurs can use from financial products such as ABDF's preferential loans (up to 5% annual interest rate), loans secured by equipment (up to 9% annual interest rate), loan guarantees and interest subsidies (up to 15% annual interest rate), etc. The Fund's loan funds are directed to priority areas determined in accordance with the country's socio-economic development, especially the development of the non-oil sector, the application of innovative technologies, and financing investment projects for export operations. MCGF supports the development of entrepreneurship by providing guarantees for loans received by entrepreneurs from banks in manat and subsidizing part of the interest accrued on these loans. Entrepreneurs can contact authorized credit institutions to use these financial instruments, and for more information, contact KOBIA, ABDF, and MCGF.