Micro Lending Support to Farmers and SMEs of Meghri Region Low-interest Loan Project

Beneficiaries Description: 20 potential SMEs and Farmers of Meghri region

Project Area: Yerevan

Project Goal: To improve the overall economic state of farmers and SMEs of Meghri region through creating a sustainable source of financing and providing low-interest and beneficial loan services.

Project Objectives:

  • To improve the access of agricultural producers and SMEs to sustainable and beneficial loan services.
  • To expand the type and quality of loan services available for agricultural producers and SMEs.
  • To support the development of client-focused loan product design and delivery systems addressing the economic needs of farmers and SMEs of the region.
  • To provide a source of capital to microfinance providers (CARD in this case) that have clear and consistent social mandate, so that they can effectively compete in the financial sector while still maintaining this social mandate.
  • To promote Corporate Social Responsibility concept among microfinance providers and receivers.
Project Type: JMF initiative/Unsolicited 
Start Date: October 1, 2013
End Date:September 30, 2015
Coordinator / Responsible Person:Armen Hakobyan
Implementer: “CARD Agro Credit” Universal Credit Organization CJSC (CARD)
Project Cost by JMF:AMD: 40,500,000  USD: 98,765
Beneficiaries Number:20 potential SMEs and Farmers of Meghri region