YEREVAN, November 11. / ARKA /. Armenian Armeconombank ojsc and BlueOrchard Microfinance Fund LLC, an investment company located in Grand Duchy of Luxembourg, signed a $3 million loan agreement, proceeds from which will be used for on-lending to and development of micro and small businesses in Armenia.

According to a press release by Armeconombank, it has been cooperating with BlueOrchard Microfinance Fund LLC since 2010 when the latter played a role of B-loan's participant in the 10 million US Dollars' syndicated loan extended to Armeconombank.

BlueOrchard was founded in 2001 at the initiative of UN as the first commercial manager of microfinance debt investments worldwide. The company offers premium investment solutions to qualified investors and provides debt and equity financing to institutions in emerging and frontier markets.

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Tags: ARMECONOMBANK, BlueOrchard, LOAN

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BlueOrchard finance SA pledges $5 loan to Armenian Inecobank for on-lending to micro and small companies.

Categories: Banks @en, General news, News | Comments Off on BlueOrchard finance SA pledges $5 loan to Armenian Inecobank for on-lending to micro and small companies

Tags: Armenia, BlueOrchard, Inecobank

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