“Kamurj” universal credit organization has signed a loan contract with the Asian Development Bank of about AMD 1 billion.

The contract was signed with a 5-month term, due to which “Kamurj” will get the opportunity to provide available loans to individuals who are engaged in entrepreneurial activity, firstly to women stimulating the women entrepreneurship in the Republic of Armenia and the engagement of women in micro, small and medium enterprise development.

“With the financing of the Asian Development Bank the provided loans will get a positive response among our customers, as they are in AMD, have low rates, are as well aimed to the solution of social problems and to the environmental protection. Half of our customers are women, who trust Kamurj. We have woman entrepreneurs, who have used loans provided by “Kamurj” for over 30 times in order to expand and develop their activity,” Chairman of the Board of “Kamurj” UCO CJSC Ara Aghayan.

According to him, this program implemented in partnership with the Asian Development Bank will give an opportunity to provide more affordable loans to our businessmen, especially to women.

“As a socially responsible organization, we attach much importance to signing contracts, which grant the opportunity to provide affordable AMD loans to our population  at the same time contributing to the growth of the Armenian economy and Small and Medium entrepreneurship,” said Ara Aghayan.