Micro Lending Support to Kalavan Community Low-interest Loan Project

Beneficiaries Description: 7 potential small rural business owners from Kalavan community of Gegharkunik region 

Project Area: Kalavan, Gegharkunik region 

Project Goal: Improve the social-economic condition of local residents in remote community of Kalavan by providing with low-interest and beneficial loan services to contribute in the tourism development. 

Project Objectives: 

  • Contribute towards creation of small businesses in rural community of Kalavan to generate income for their families. 
  • Improve the access of small businesses to sustainable and beneficial loan services. 
  • Provide ongoing technical support in form of mentorship and other advisory services to the beneficiary businesses contributing towards their stability and growth.
Start Date:April 1, 2018
End Date: March 31, 2021
Coordinator / Responsible Person:Liana Sargsyan
Implementer: “CARD Agro Credit” Universal Credit Organization CJSC (CARD)
Project Cost by JMF :AMD: 12,000,000  USD: 24,743
Beneficiaries Number:7