In Azerbaijan, it is planned to implement the preferential lending mechanism entirely through an electronic platform.
As Day.Az reports on Wednesday with reference to Trend, this was stated by the Chairman of the Board of the Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan Osman Khaliev during a conference on the topic “Innovative solutions for sustainable microfinance“.
“In Azerbaijan, it is planned to implement a preferential lending mechanism entirely through an electronic platform. Work in this direction is already close to completion. This step is aimed at simplifying entrepreneurs’ access to financing, especially to preferential loans. We strive to cooperate with a large number of entrepreneurs and credit institutions. As a result of measures taken in recent years, the share of micro-enterprises, as well as small and medium-sized entrepreneurs in preferential loans provided by the Fund, has increased both in number and in amount,” said O. Khaliyev.