This fund will be used to provide micro loans in rural areas of Armenia, and for specific purposes, as follows:
a) To enhance intensive agriculture, i.e. lending for investment in breeds, certified seeds, seedlings, and other high-quality farm inputs.
b) To encourage the establishment of general small businesses, i.e. Lending to non-farm oriented industries and services, such as shoemaking services, beauty salons, vulcanization services, B & B’s, etc.
c) To encourage agriculture related small business, i.e. Lending to small scale entities engaged in food processing of non-animal origin including fruits and vegetables, berries, herbs, etc.
d) To encourage creativity and non-traditional agriculture, i.e. Lending for cultivation of new crops such as flax, peas, rapeseed forage grass, etc.
e) To encourage entrepreneurship in young families, i.e. lending for any kind of business activity to support young families, where the total of the ages of the spouses does not exceed 70 years; or, if one parent family, the age of the parent does not exceed 40 years.

  • The lending terms and conditions between Aniv and its debtors (end-borrowers) will be as follows:
    a) The principal of any loan should not exceed AMD 5,000,000 (Five million)
    b) The period of the loan will not exceed 5 years.
    c) The interest rate will be 12%.
    d) The loan disbursement fee will not exceed 2% of the principal amount to a maximum of 75,000AMD.
    e) The loans will be denominated in Armenian currency.
    f) The loans will be secured by collateral and / or guarantees.
    g) The loan repayment grace period will be up to 12 months.

1. Loan application form
2. Payment slip of commission fee of loan application (payment is made to 15700 04215010100 account number of “Aniv” UCO LLC.)
3. Copy of the registration certificate of State Registry (if the applicant is a Private Entrepreneur)
4. Copy of the Tax Payer’s Identification Number (if the applicant is a Private Entrepreneur)
5. Copy of the passport and social security card of the Borrower
6. Statement from the tax administration and social security authorities on being debt-free
7. Copy of the certificate of ownership or rental of the real estate of the business address
8. In case of guarantee: copy of the guarantor’s passport and social card, statement from the employer, copies of other documents certifying incomes, copy of the documents certifying the property right
9. Copies of financial reports of previous years certified by the tax administration (if available)
10. Copies of real estate or movable property under mortgage (if any)
11. Company business plan in case of applying for a loan over USD 8000 or AMD 3 mln. (for loans provided in the framework of From Water to Market Project of MCA-Armenia)

After approval of the loan allocation the following documents will also be required:

1. Bank account of the individual
2. In case of putting real estate up as collateral for submission to notary office:
• joint statement from the Cadastre on limitations against the property
• statement on the persons registered at the given address
• copies of marriage certificates in case the property owners are married
3. In case of putting movable property up as collateral:
• copy of the document certifying the property right (registration certificate, purchase order, invoice or other document, declaration on the acquisition and disposal of property)
• copy of the owner’s marriage certificate, if necessary

* The copies of all required documents should be backed by originals to prove their authenticity.


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