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Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

15.11.2017 16:17

Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

YEREVAN, November 15. /ARKA/. The Asian Development Bank (ADB) is providing $6 million in loans and $200,000 in technical assistance grants to FINCA, one of the leading credit organizations in the country, to support micro, small and medium-sized enterprises (MSME) and farmers, helping them to raise income levels and employment, the press office of the Asian Development Bank reported on Tuesday.

“Low access to finance is a significant problem in Armenia,” the ADB says in its press release. “Only 18% of adults aged 15 and above have a bank account and out of the 130,000 small and medium-sized enterprises only 50% have access to finance, and this figure increases to 60%–70% in rural areas.”

ADB’s financing package will allow FINCA to provide long-term funds to clients. ADB’s funding will be used to support underserved populations, with up to 75% of ADB’s funding destined for MSMEs outside of Yerevan, and up to 70% used to onlend to agricultural borrowers.

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“FINCA” UCO CJSC’s AMD denominated coupon bonds listed on NASDAQ OMX Armenia

12.05.2017 18:39

“FINCA” UCO CJSC’s AMD denominated coupon bonds listed on NASDAQ OMX Armenia

Starting from May 12, 2017 nominal coupon bonds issued by “Finca” Universal Credit Organization CJSC (UCO CJSC) will be listed on NASDAQ OMX Armenia and included in the bonds’ second Bbond list, the stock exchange reported on Thursday

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FINCA Universal Credit Organization’s $4 million worth bonds admitted to trading at NASDAQ OMX Armenia

23.02.2017 14:56

FINCA Universal Credit Organization’s $4 million worth bonds admitted to trading at NASDAQ OMX Armenia

FINCA Universal Credit Organization’s bonds (FNCAB1) were admitted Wednesday to trading at NASDAQ OMX Armenia, according to the stock exchange’s news release

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IFC helps FINCA expand lending to smaller businesses in Armenia, supporting growth and job creation

18.11.2014 19:29

IFC helps FINCA expand lending to smaller businesses in Armenia, supporting growth and job creation

IFC, a member of the World Bank Group, is providing a $3 million loan to FINCA UCO, a leading microfinance institution in Armenia, to increase access to finance for micro and small businesses

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Finca increases its authorized capital to 4.9 billion drams

13.06.2014 19:32

Finca increases its authorized capital to 4.9 billion drams

Finca universal credit organization said it has increased its authorized capital by 414.2 million drams to 4.9 billion drams

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IFC to provide FINCA with $4 million loan to finance micro, small and medium enterprises

18.07.2013 18:28

IFC to provide FINCA with $4 million loan to finance micro, small and medium enterprises

IFC, a member of the World Bank Group, said it will provide armenian FINCA UCO CJSC with a loan of $4 million in local currency, to help it finance micro, small and medium enterprises (MSMEs) so they can expand, create jobs, and reduce poverty

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Yervand Barseghyan: clients FINCA universal credit organization’s greatest wealth

07.11.2011 18:45

Yervand Barseghyan: clients FINCA universal credit organization’s greatest wealth

FINCA Universal Credit Organization is the biggest creditor among Armenian microfinance organizations.

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New Office Of The Branch Of Armenian Credit Organization “Finca” Will Open On November 12 In Ashtarak

08.11.2010 22:25

New Office Of The Branch Of Armenian Credit Organization “Finca” Will Open On November 12 In Ashtarak

Opening ceremony of the new office of Universal Credit Organization (UCO) “Finca” will take place on November 12 in Ashtarak.

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