Micro Lending Support to Producer Groups Low-interest Loan Project

Beneficiaries Description: 5 Producer groups’ (PGs) members and at least 26 PG group member farmers from Shirak, Gegharkunik, Lori and Aragatsotn regions

Project Areas: Shirak, Gegharkunik, Lori and Aragatsotn regions

Project Goal: to support regional businesses and increase business and economic impact via provision of low–interest loans and technical consultation

Project Objectives:

  • To improve the access of small-plot agricultural producers to sustainable and beneficial loan services.
  • To provide prospective businesses with an access to affordable loan capital.
  • To expand the type and quality of loan services available to small-plot agricultural producers. 
  • To increase incomes and assets of poor producers  
  • To improve capacity of producer groups to access and use market information; to work collectively; to address technical challenges 
  • To establish profitable relationships between producers, buyers and service providers 
  • To change community mindset; increase hope, future orientation, dignity, confidence 
Start Date:December 1, 2016
End Date: March 31, 2019
Coordinator / Responsible Person:Armen Hakobyan
Implementer: “CARD Agro Credit” Universal Credit Organization CJSC (CARD)
Partner Organization:World Vision-Armenia
Project Cost by JMF :AMD: 40,490,000  USD: 82,633
Beneficiaries Number:31 PGs