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

Banks' involvement is growing toward SMB financing 17.02.20

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan continues to cooperate with banks to expand access to financial resources for micro, small and medium businesses (SMBs).

The next project in this field is "Enhancing Access to the Financial Market" implemented jointly with AFB Bank. The project envisages opportunities for SMBs to receive a bank loan and meet the relevant requirements to provide a collateral (even countryside land lot will be considered as collateral) by region of their residence, granting unsecured loans up to 5,000 manats, and subsidies to the farmers until the harvesting (only interest will be paid monthly), obtaining micro-loan per specifics of the business, and discount on all types of loan interest. Moreover, experts will provide the entrepreneurs with information on finance, accounting and market research within the project.

The first presentation on the project "Enhancing Access to the Financial Market" was held in Gabala. The event, which was attended by over 50 entrepreneurs who applied to SMBDA's Gabala-Oghuz "SMB Friend" for access to financial resources, as well as representatives of the Agency and AFB Bank, provided detailed information about the project and answered the questions of interest of entrepreneurs.