SMALL AND MEDIUM ENTERPRISES GET LOANS

Some 531 loans for the total amount of €6,2 million have been given by the German-Azerbaijani Foundation (GAF). The foundation, showing attention to crediting of small and medium business in Azerbaijan goes on giving loans to Azerbaijani businessmen by means of different banks.

Yorg Toymer, Manager of the foundation said, the maximum amount of credits comes to €50 thousand for the period of between 1 and 3 years. According to terms of GAF and Partner banks - Bank of Baku, ParaBank, Respublika Banki, UNIBank - business people of Masalli, Gabaka, Khachmaz, Shamakhi provinces side by side with small and medium business owners in Baku got loans. The foundation will be representing its programs in other provinces of Azerbaijan as well.