Kamurj Universal Credit Organization will provide accessible business loans contributing to the development of micro small and medium entrepreneurship in Armenia.

Within 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 Gortsarar” and ''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'', said the Deputy Director, the head of the Microloan Unit of Kamurj UCO CJSC Arpine Arshakyan .  

She noted that the new business loan products 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.

“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 Arpine Arshakyan .