Yerevan/Mediamax/. “Inecobank” and BlueOrchard Finance SA Investment Company signed a loan agreement at the sum of USD 10mln.

Mediamax was informed in the press service of the bank today that the means will be directed at financing small entrepreneurship.

The size of one credit will make up to USD 30 thousands with the repayment term of 3 years and interest rate starting at 14% annual.

In 2010, “Inecobank” financed more than 1600 micro businesses.

This year, in order to develop micro financing, the bank signed 8 new agreements on attracting international resources at the total sum of USD 29mln.