MCGF: Nearly 4,000 new jobs will be created under loan guarantee mechanism

About 4,000 new jobs are planned to be created in the business entities financed by the Mortgage and Credit Guarantee Fund (MCGF), Elshan Karimov, director of the Credit Guarantee Department of the MCGF, said Report informs.

He said that this process was launched in early 2018, and there was enough interest in this mechanism:

"As a result of the work done, today we have managed to finance a large number of businesses. About 300 million manats were directed to entrepreneurs through the loan guarantee mechanism of the MCGF. These funds cover various areas."