Armenian News - Tert.am
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07:28 Jan 10, 2024
A long-term loan facility to prioritize women in business The European Fund for Southeast Europe (EFSE) reaffirms its commitment to fostering economic development in Armenia by providing a USD 5 million senior loan facility to its long-standing partner ARARATBANK. With this new facility, the partners aim to facilitate access to finance for micro-, small-, and medium-sized enterprises (MSMEs) and importantly those that are majority-owned or led by women and contribute to increased business competitiveness and inclusiveness in Armenia. ARARATBANK is a leading SME financier in the country with a proven strong track record in gender finance. EFSE’s investment will further solidify the Bank’s dedication to supporting women-owned or -led enterprises and promoting socio-economic empowerment and inclusiveness. EFSE Regional Director Oxana Binzaru said: “We are honored to continue our journey with ARARATBANK, a trusted partner that shares our mission to foster economic development. This USD 5 million investment is a t...