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An extended-term mortgage facility to prioritize ladies in enterprise
The European Fund for Southeast Europe (EFSE) reaffirms its dedication to fostering financial growth in Armenia by offering a USD 5 million senior mortgage facility to its long-standing associate ARARATBANK. With this new facility, the companions goal to facilitate entry to finance for micro-, small-, and medium-sized enterprises (MSMEs) and importantly these which can be majority-owned or led by ladies and contribute to elevated enterprise competitiveness and inclusiveness in Armenia. ARARATBANK is a number one SME financier within the nation with a confirmed robust observe report in gender finance. EFSE’s funding will additional solidify the Financial institution’s dedication to supporting women-owned or -led enterprises and selling socio-economic empowerment and inclusiveness.
EFSE Regional Director Oxana Binzaru mentioned: “We’re honored to proceed our journey with ARARATBANK, a trusted associate that shares our mission to foster financial growth. This USD 5 million funding is a sworn statement to our joint dedication to supporting MSMEs, notably women-owned or led enterprises, and making a significant affect on Armenia’s financial panorama.”
Mher Ananyan, Chairman of the Government Board of ARARATBANK, concluded: “This strategic partnership displays our dedication to fostering native financial progress and empowering MSMEs, which play a significant function in driving innovation, job creation, and general financial stability. With the European Fund for Southeast Europe’s experience in financing and our financial institution’s in depth community and sources, we’re assured that this collaboration may have a big affect on the enterprise setting in Armenia.”
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