Within the frames of Agro 2 agricultural loan program of KFW bank, Kamurj universal credit organization distributed about AMD 850 billion loans in 2016, mostly directed at micro agriculture.

According to Kamurj, within the activity of the program, 280 customers have got loans, while the average amount of the loans amounted to AMD 3 million. Most importantly, the loans were provided in AMD with 13-15% interest rate, without commission fee.

“We would like to particularly focus on the role of the centralized decision-making department during the loan approval process, owing to which we also have only 0.3% risk for the given types of loans, which is a pretty impressive indicator for the agricultural sphere,” the statement reads.

It should be also noted, that currently, the 70% of the microloans are confirmed through the centralized decision-making system.

Kamurj emphasizes that joining Agro 2 agricultural loan program of KFW bank in 2015, the credit organization attained the opportunity to also cooperate with BFC international financial consulting company, which provides consultation on staff training,  optimization of business processes and creation of  a centralized decision-making department  during the loan approval process.

Kamurj UCO plans to deepen cooperation with KFW bank and BFC international financial consulting company.