In the frames of July 2013 partnership with IFC,  "FINCA” UCO CJSC received a local currency loan of $4 million in two tranches in February and March, 2014.

As the company informed, “FINCA is the first financial institution in Armenia to receive a local currency loan from IFC”.

According to “FINCA” UCO CEO Hrachya Tokhmakhyan, IFC’s local currency loan disbursed in two tranches supports the company’s mission to provide loans to micro, small, and medium enterprises through its 27 branches operating across Armenia, thus helping to create jobs, build assets and improve standard of living.

FINCA UCO CJSC, a subsidiary of FINCA Microfinance Holding Company owned and managed by FINCA International, with headquarters in Washington, DC, has been operating in Armenia since 1999. IFC is also an anchor investor in FINCA Microfinance Holding Company. FINCA Int. serves over one and a half million people through its subsidiaries in 22 countries of Africa, Eurasia, the Middle East and South Asia and Latin America.

“FINCA” UCO CJSC’s portfolio reached USD 58.2 million and 53,474 active clients by the end of December 2013.