“KAMURJ” universal credit organization has signed a new cooperation agreement, in the scope of which, starting already from this month, will provide loans for the development of micro, small and medium businesses within the framework of the “MSME Support” program of the KfW Bank, Federal Republic of Germany.

Under that agreement, business loans will be provided: up to 160 million AMD, up to 60 months with a grace period of up to 30 months, and with an annual interest rate of 10.5% to 12.4%, depending on the investment program.

It should be noted that loans up to 4 million AMD are also provided without collateral.

“It is necessary to emphasize, that loans are provided only in Armenian drams, which is even more demanded by borrowers. One of the great advantages of the loan is that for the repayment, it has a rather long grace period, up to 30 months, adapted to the borrower's income and investment program”, noted the Executive Director of “KAMURJ” UCO CJSC, A. Teryan.