Kamurj UCO has invested a new Agro Supporter loan, which is carried out through value chain financing method.

According to the company, the new loan type is designed for farmers with shortage of funds to obtain seedlings, seeds, fertilizers, agricultural equipment and other resources necessary for agriculture.  

The company will provide loans of up to AMD 3 million only with guarantees and without a pledge. Loans of up to AMD 500 000 will be provided without guarantees, while the decision making process will be made within an hour.

Short term loans of up to 6 months will be provided with 0% interest rate, while loans with 7-12 months term will be available with 1-6% interest rate (starting from the 7th month, 1% will be charged for each month).

The loans are provided without a monthly service fee.

Taking into consideration the seasonality of agriculture, Kamurj allows customers to borrow up to 1-year credit and have 9 months of grace period, when the customer will not make loan principal repayments.  
 
The company informs that contracts have already been signed with Hrashq Aygi and Nar-Mil Companies, through which farmers can gain necessary quality agricultural products and develop their farms within the framework of the mentioned loan.

“We are sure, that this new, innovative type of loan, which is realized through value chain financing method, will receive a positive response among farmers and will contribute to the development of rural economies in Armenia,” the announcement reads.