Micro Lending Support to Farmers 2011

Beneficiaries Description: 22 Farmer Cooperatives (FC) and in average 36 farmers per cooperative, in total about 800 farmers from Armavir, Ararat, Vayots Dzor and Aragatsotn marzes.

Project Goal: To improve access of FAA member Farmers Organizations and consequently farmers to low-interest and beneficial credit services. To strengthen role and sustainability of FAA and FOs.

Start Date:September 1, 2011
End Date: November 30, 2012
Coordinator / Responsible Person:Armen Hakobyan
Implementer: “CARD Agro Credit” Universal Credit Organization CJSC (CARD)
Partner Organization:Open Society Institute Assistance Foundation – Armenia (OSI)
Project Cost by Partner Organization:AMD: 8,540,000 USD: 23,397
Project Cost by JMF :AMD: 140,000,000  USD: 383,562
Beneficiaries Number:800