Azerbaijan Set To Implement Preferential Lending Mechanism Through Electronic Platform

2024-10-23 05:16:57

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 23. Azerbaijan plans to implement a preferential lending mechanism entirely through an electronic platform, Chairman of the Management Board of the Entrepreneurship Development Fund Osman Khaliyev said at the conference“Innovative Solutions for Sustainable Microfinance” today, Trend reports.

"Azerbaijan plans to launch a preferential lending mechanism entirely through an electronic platform, with preparations nearly complete. This initiative aims to simplify access to financing for entrepreneurs, particularly for preferential loans. Officials are focused on expanding collaboration with a broader range of entrepreneurs and credit organizations. Recent measures have led to a significant increase in the share of microenterprises, as well as small and medium-sized businesses, benefiting from preferential loans provided by the Fund, both in terms of quantity and total amounts," Khaliyev said.

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