Entrepreneurship Fund Loans Exceed $78m Since March

Omid Entrepreneurship Fund has offered 81,228 loans worth 18,500 billion rials ($78.22 million) since the beginning of the current Iranian year (March 20), the fund’s CEO said. 
“Of this figure, 14,810 billion rials ($62.62 million) have been lent to support businesses hurt by the outbreak of coronavirus. A total of 1,250 gymnasiums, 1,800 eco-lodges, 200 restaurants and 500 greenhouse complexes have received financial support from the fund,” Asghar Nurollahzadeh was also quoted as saying by ILNA. 
Omid Entrepreneurship Fund has been set up to support entrepreneurship and small- and medium-sized enterprises. It was formerly called Imam Reza Mehr Fund. The name change came after President Hassan Rouhani took office in 2013. As of now, the fund’s loans are mostly for less developed and rural areas, plus small towns deprived of credit from banks.