Black Sea Trade and Development Bank (BSTDB) granted FINCA UCO CJSC the second tranche of the senior loan amounting to USD 2 million in January, 2015. The 1st tranche in the amount of USD 3 million was received back in summer 2014.

“This portion of the loan together with the firstwill assist FINCA in supporting businesses of small and medium enterprises through micro lending. This is the first loan from BSTDB, and we believe this will be a step forward towards a more productive and stronger partnership”, noted Hrachya Tokhmakhyan, General Director of FINCA UCO CJSC.

FINCA is cooperating with BSTDB since May 2014.

FINCA is the subsidiary of “FINCA Microfinance Holding Company” LLC owned by “FINCA International” LLC.

In Armenia, FINCA’s portfolio reached USD54.5 million and 53 052 active clients by the end of January 2015.