SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

Additional concessionary financing mechanism for entrepreneurs 07.12.19

The Small and Medium Business Development Agency of the Republic of Azerbaijan (SMBDA) will cooperate with Rabitabank to expand access to finance for micro, small and medium businesses operating in the agricultural sector.

This cooperation will be implemented within the framework of the "Agricultural Competitiveness Enhancement Project" of the World Bank and Agro Credit and Development Agency under the Ministry of Agriculture. Rabitabank is an agent bank of the project.

The main objective of the project is to provide financial support to the processing, sale, and production of agricultural products. Initially, $ 3 million is allocated to the projects to be implemented in this area. The loan will be issued under the project for seven years with 8.8% interest.

SMB friends of SMBDA operating in different cities and regions of the country will regularly inform micro, small and medium businesses about the project, provide them with information and consulting services, and connect entrepreneurs who apply for financial support to the Agency to build and expand their business in the agrarian sector with the bank. Moreover, the entrepreneurs who will apply to the bank for a loan under the project through the coordination of SMBDA will receive a 1% discount on business loans.