Enabling Qapital signed a $10m credit agreement with AccessBank Azerbaijan, the leading bank for micro, small, and medium-sized enterprises (MSMEs) in Azerbaijan. AccessBank plays an important role in Azerbaijan’s financial sector by providing crucial support for the country’s economic growth by facilitating finance accessibility for MSMEs and we are excited to be a part of their commitment to impact investing and to the overall development of the nation.
Davit Tsiklauri, Chairman of the Management Board of AccessBank, noted that this agreement will facilitate the Bank to support more entrepreneurs: “I am delighted to join forces with Enabling Qapital on this successful partnership which enables us to continue the much-needed financing to MSMEs in Azerbaijan. This financing is also the first one since 2016 that we signed with the international financial institution and marks the reopening of international capital markets for AccessBank. We are very glad to see the interest of foreign institutional investors in the Azerbaijani financial sector. I would like to thank Enabling Qapital for their cooperation and look forward to further strengthening our collaboration in the future.”
You can read the full press release here.