Updated 03.03.2017

“Kamurj” Universal Credit Organization was registered by the Central Bank of Armenia on October 27, 2010 (CBA License No 31).

The history of “Kamurj” dates back to 1998 when the American organization Save the Children Inc. initiated a program in Armenia providing microfinance services. The Micro entrepreneurship Development Charitable Fund was founded by Save The Children Inc. in 2000. In the same year, the Fund received the right to continue another microfinance program which had been run by CRS for two years. The Micro Entrepreneurship Development Charitable Fund set up “Kamurj” UCO LTD on April 27, 2010 which became the successor of the microfinance services provided by the Fund. On February 21, 2012 “Kamurj” UCO LTD was reorganized into “Kamurj” UCO CJSC.

“Kamurj” UCO CJSC is participating in the Water to Market Loan program by Millennium Challenges Armenia as well as programs by Rural Finance Facility (RFF) Project Implementation Unit, “Habitat for Humanity Armenia”. The activities of the organization are also funded by a number of other international organizations.

“Kamurj” UCO CJSC is currently issuing the following types of loans:

• Agricultural loans,
• Business loans,
• Mortgage and repair loans,
• Consumer loans:

The loans are provided to individuals as well as legal entities. Loans to private customers are provided on individual as well as group principles.

The sole shareholder of “Kamurj” UCO CJSC is the Micro Entrepreneurship Development Charitable Fund.

As of March 31, 2014 the assets of “Kamurj” UCO CJSC 2014 amount to AMD 11.815 billion, the total equity is AMD 5.669 billion, and the credit investments are AMD 11.123 billion.

The Company has 16 branches across Armenia.