EU helps improve access to micro-financing services for women in rural areas of Azerbaijan

Photo: European Union
Photo: European Union

On 16 April, a new flagship project on Empowering Women for Sustainable Development was launched in the Nakhchivan Autonomous Republic of Azerbaijan.

The one-year project aims to improve access to microfinance services for rural communities in Azerbaijan, focusing on women and other vulnerable groups. 

This new initiative will support women’s economic empowerment and financial autonomy by offering them a broad range of learning opportunities and skills needed to start a new business.

The project is implemented by the Azerbaijan Microfinance Association (AMFA) and is part of a broader programme on “Promoting the Role of Civil Society in Gender-sensitive Implementation of the Sustainable Development Goals”, which is funded by the EU and co-funded and implemented by the United Nations Development Programme.

The project will help over 300 women from rural communities, including women with disabilities, to improve their business proficiency, financial literacy, access to financial resources and organisational skills.

More than 50 of the best business ideas developed by the beneficiaries will also receive seed funding in the amount of USD 500 to establish startups in Nakhchivan and Ismayilli.

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Press release