18.05.2017 16:02
YEREVAN, May 18. /ARKA/. Since the beginning of this year, SME Investment Universal Credit Organization has provided loans totaling AMD 1 billion to 20 small and medium organizations in Armenia, Arthur Badalyan, the executive director of the organization, told journalists on Wednesday.
The organization’s assets totaled around AMD 12.5 billion in late 2016 and their capital amounted to AMD 1.8 billion.
“About 90% of them are successful borrowers who have built up their output and created new jobs,” Badalyan said specifying that some 850 new jobs have been created thanks to this lending over seven years.
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