AccessBank, one of Azerbaijan's leading financial institutions focused on financing micro, small and medium-sized enterprises (MSMEs), proudly announces the signing of a new senior loan agreement of $10 million with the Funds managed by Invest in Visions facilitated by Agents for Impact.
This agreement will channel the funds into financing businesses and promoting sustainable economic development in the region. The loan is set for a three-year term and will be a vital resource for entrepreneurs to implement their projects and expand their operations.
"We are excited to announce the signing of this credit agreement with the Funds managed by Invest in Visions, facilitated by Agents for Impact and are confident that this collaboration will provide many MSMEs in Azerbaijan with access to essential financing. The funds will be directed towards projects that foster sustainable business growth and development," stated Davit Tsiklauri, Chairman of the Board of AccessBank.
AccessBank, a pioneer in the microfinancing market, has been providing services to small and medium-sized enterprises since 2002. The Bank's shareholders include the Asian Development Bank, the European Investment Bank, the International Finance Corporation, and other international organizations and investment funds. With 35 branch offices, including 14 in Baku and 21 in regions.
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