Yerevan /Mediamax/. “ARARATBANK” announced the launch of 2 programs of micro- and small enterprise crediting.

As Mediamax was told in the press service of “ARARATBANK”, the programs will be realized jointly with the international program of the European Bank for Reconstruction and Development (EBRD) “Microcrediting-Armenia”.

Within the framework of the first program – “New page in our business”, the bank provides credits to managing subjects in the sphere of trade, production and services with the length of service of over 3 months. The volume of the credit is up to $10 thousand, the repayment term – 24 months, the interest rate – 17 -19%. The application for provision of credit is considered for up to 10 hours.

Within the framework of the second program – “Big money to small business”, the bank provides credits to managing subjects in the sphere of trade, production and services with the length of service of 3-6 months. The volume of the credit is up to $100 thousand, the repayment term – 48 months, the interest rate – 15-17%. The application for provision of a credit is considered for up to 100 hours.

Credits are provided on the security of movables and real estate, product-raw stocks.--0--