YEREVAN, August 1. /ARKA/. “Kamurj” UCO CJSC has provided loans totaling more than AMD 1.2 billion to around 2000 borrowers with substantially low statutory price to the people of border communities of Armenia, the company's press office reported on Friday.

The universal credit organization has extended these preferential loans under a two-year program of support for border areas.

“It is about two years that “Kamurj” UCO CJSC is helping to the people of border communities of Armenia providing nearly all types of company’s loans with substantially low statutory price to the people of border communities of Armenia,” Kamurj says in its pres release.

“Nearly all types of company’s loans are provided without disbursement charge and servicing fee as well as the interest rate is reduced for 30 border rural communities of Tavush and Vajots Dzor regions.”

Being socially responsible organization “Kamurj” UCO always has issues aimed at improving the socio-economic situation of vulnerable groups. The population in the border communities of Armenia is one of the most important guarantees for the security of our borders, and we all do our best to be a support to them.

In August 2014 the decision was made, according to which loans are provided without disbursement charge and servicing fee as well as the interest rate is reduced for border rural communities.

Summing up the results of these 2 years, we can mention that we have provided more than 1.2 billion AMD loans to around 2000 borrowers.

The universal credit organization intends to continue initiating steps to assist people from border communities in their development.  --0----