Within the framework of Germany’s KfW program “Support for the agricultural sector, Phase II” program Fast Credit Capital UCO CJSC and Central Bank signed the contract between the Fast Credit Capital UCO’s services are supplemented by another agricultural credit.
Fast Credit offers loans to farmers engaged in agriculture, or individuals and legal entities operating in supporting and adjacent agricultural fields, as well as individual entrepreneurs, for capital improvements and development activities through the implementation of current investments.
Undertakings operating in the territory of the Republic of Armenia are offered loans of up to 75 million. AMD and 33 million in capital investment. The money to finance current operations, with maturities up to 3 years and 6 years, and depending on the specifications from 3 to 11 months grace period for repayment of the principal amount.
The loans are provided in Center, Davtashen, Ararat, Armavir, Echmiadzin, Artashat, Goris, Gyumri and Vanadzor branches.
KfW has been cooperating with the Republic of Armenia since 1995, the representation of the Bank since 1998.
Within the framework of Armenian-German financial cooperation according to the second stage of “Support for the agricultural sector, Phase II” program signed between Central Bank (Rupublic of Armenia) and KfW Development Bank (Federal Republic of Germany) loans will be provided to small and medium enterprises in the agricultural sector via banks and credit organizations.