(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 5. Entrepreneurship
Development Fund of Azerbaijan under the Ministry of Economy of
Azerbaijan started introducing innovations for entrepreneurs who
need loans of up to 10,000 manat ($5,882) in order to expand excess
of business to preferential loans, Trend reports via Entrepreneurship Development
Fund
This was announced at the meeting organized by the
Entrepreneurship Development Fund of Azerbaijan and the Azerbaijan
Banks Association.
'The main difficulty in obtaining preferential loans up to
10,000 ($5,882) is that entrepreneurs can't provide documents
regarding property or location, where they will work on investment
projects. 'Notification form' has been prepared with the aim to
resolve this problem, which will replace this document. This form
will be filled out by employees of the Small and Medium Business
Development Agency of Azerbaijan on the basis of the entrepreneurs
application and submitted by the entrepreneur to the authorized
credit institution. The Agency will inspect entrepreneurs place of
business and attach information about the specified place or the
material and technical equipment of the property to the
'Notification Form', and this form will be accepted as a document
on the entrepreneur's place of business,' Entrepreneurship
Development Fund stated.
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