Project Notice |
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| PNR | 61939 |
| Project Name | FIF - MSME loan - ArmSwissBank (EFSD+ P3) |
| Project Detail | Location: Armenia Project number: 55330 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 30 Apr 2024 Status: Approved PSD disclosed: 01 May 2024 A senior unsecured loan to ArmSwissBank ("ASB") of up to USD 5m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. Project Objectives The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ASB to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Armenia , Western Asia |
| Project Value | AMD 5,000,000 |
Contact Information |
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| Company Name | ARMSWISSBANK CJSC |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/55330.html |
