Micro Lending Support to SMEs 2013

Beneficiaries Description: 20 potential Farmer Cooperatives (FC) and in average 25 farmers per cooperative, in total about 500 farmers from Armavir, Ararat, Vayots Dzor and Aragatsotn marzes

Project Goal: To create a sustainable source of financing for SMEs through affordable access to credit, which will support development of micro and small business sector in the regions of Armenia resulting in increase of employment and incomes.

Start Date:August 1, 2013
End Date: July 31, 2016
Coordinator / Responsible Person:Armen Hakobyan
Implementer: “CARD Agro Credit” Universal Credit Organization CJSC (CARD)
Project Cost by JMF :AMD:102,000,000  USD: 246,914
Beneficiaries Number:500