Kamurj Universal Credit Organization in cooperation with German-Armenian Fund (KWF) introduced two new loans aimed at agriculture development.

The company noted that the first loan, Agro Available Micro, is intended for development of micro-agriculture. Loans are available from AMD 1,500,000 to AMD 4,000,000 without collateral with 8-36 months term, including up to 27 months of grace period in total. Customers who take the loan will only pay interest rates, and they can pay the loan in months most convenient for them.

The second loan, Agro Development, is intended for larger investments and provides from AMD 4,000,000 to AMD 108,000,000 with up to 60 months term, including up to 30 months of grace period in total. This loan is a real estate secured loan.

Both loans have no monthly service fees and loan commission, and are available with 13-15% annual interest rate.

“Kamurj UCO has always given special importance to the investments of competitive loans aimed at development of agriculture during its 18 years in business. Two new loans provided thanks to cooperation with German-Armenian Fund (KFW) are intended for natural persons (including individual entrepreneurs) and legal entities engaged in agriculture,” said Chairman of the Board of Kamurj UCO Ara Aghayan, and added with confidence that these two types of loans will promote the development of agriculture in all Armenian marzes.