OREANDA-NEWS. September 21, 2009. The State Agency on Agricultural Credits under the Ministry of Agriculture of Azerbaijan has announced selection of appropriate non-bank credit institutions for disbursal of loans to provide farmers and entrepreneurs with credits within the Rural Development Project for the North-West.

The Agency reports that interested NBCIs operating in the Project areas (Shamkir, Tovuz, Gazakh, and Agstafa) are invited to submit an Expression of Interest.

The candidate institutions should at least meet the following conditions:

to have government registration and to be licensed  by the Central Bank of Azerbaijan; to already have active operations in the Project area and at least one operating branch in one of the four targeted North West districts; to have rural micro entrepreneurs within their active lending portfolio; to have externally audited financial statements; and to be operationally self-sufficient.
The applicants can submit documents till 16 October 2009 at the address: 40, Uzeir Hajibeyov Street; Government House (Room 804).

For more info call 493-46-93. Fax: 498-13-95. E-mail: ghuseynov@office.az