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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

The technological solution, which received the "Startup" certificate, has been used in the banking system 22.10.22

The "Pulapp" product of "Algorithmic Credit Technologies" LLC, which was granted a "Startup" certificate by the Small and Medium Business Development Agency (KOBİA) in June 2021, has already entered the sales stage. Thus, according to the contract signed between the company and "Mercury" BOKT, the credit institution has started a pilot project on providing small farmer loans using the "Pulapp" technological solution.

"Pulapp" allows you to collect the customer's business information on the spot after the first meeting and make a loan decision within 30-40 minutes. This only requires the bank staff to enter basic order information once via a mobile device. Thanks to software integrations, "Pulapp" automatically obtains information about the client's credit history, ID card and official income and, using special algorithms, provides the client with an instant loan offer covering all the conditions of the loan decision.

The use of software standardizes the crediting process and significantly simplifies the work of the sales representative. Another advantage of the program is the opening of new opportunities in credit risk management, which minimizes credit losses as sales representatives are not involved in decision-making.