“KAMURJ”credit organization has invested new “BUSINESS LOAN GORTSARAR”and”ENTREPRENEURIAL MICROloan” loan products
12.06.2015

“KAMURJ” credit organization in collaboration with Asian Development Bank hereinafter will provide accessible business loans contributing to the development of micro small and medium entrepreneurship in Armenia. In the framework of the project the organization will specifically encourage the women with entrepreneurial activity.   

“The joint program  implemented with Asian Development Bank gave us the opportunity to  invest new  and  accessible  BUSINESS LOAN GORTSARARand ”ENTREPRENEURIAL  MICROloan” business loan products. The new loan products like all the other loan products provided by “KAMURJ”  maximally take into account the needs and demands of our customers. The business loan products BUSINESS LOAN GORTSARARand ”ENTREPRENEURIAL  MICROloan” are provided in AMD for only 14% interest rate and foresee grace periods , which allow the customers to make repayments according to individual schedule  fitted to their business seasonality -noted the Deputy Director, the head of the microloan unit of “KAMURJ” UCO CJSC Arpine Arshakyan .

In the framework of project , with the purpose to facilitate the loan granting process, for the purpose of precise targeting we together with the appropriate specialists of Asian Development Bank , have elaborated a guide which will help our specialists to optimize the process of loan granting.      

“I am sure that this new loan products will not only impulse  the  entrepreneurship in our country  and the involvement  of women in micro, small and medium enterprise sector, but as well having environmental and social components , will promote the environmental protection and the solution of social problems “-added the Deputy Director, the head of the microloan unit of “KAMURJ” UCO CJSC Arpine Arshakyan . 

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