Yerevan/Mediamax/. Inecobank in collaboration with the USAID FS Share Program is launching a new mechanism of short term working capital finance to assist small and medium-sized enterprises in production, service and trade sectors.

Mediamax was informed in the press service of the bank that the purpose of the Program is to assist small and medium-sized enterprises to increase their sales volumes via enhancing the use of short term working capital finance products using a value chain finance approach. This service is called Purchase Order Finance (POF).

Via this service the bank will fund purchase of raw materials, inputs, packaging, goods for resale etc, and/or cover other expenses necessary for the execution or delivery of a product or service, e.g. salaries, shipment etc, necessary for fulfillment of agreements, concluded by “Inecobank”. 

Inecobank plans to start implementing POF within two months and will invest up to USD 5mln funds for the implementation of this program.

Within the framework of this program the bank will provide purchase order financing to SMSs from the following value chains:

- Information and Communications Technology
- Health Care
- Tourism and Hospitality
- Food processing and Agriculture
- Trade and Retail.