Tweet
SME DNC IMPLEMENTS ARMENIAN START-UP ENTREPRENEURS CREDITING PROGRAM SINCE NOVEMBER
Noyan Tapan
Dec 25 2006
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006 the SME Developmnent
National Center (SME DNC) of Armenia provided assistance to
131 start-up entrepreneurs of the country's marzes. 45 of these
entrepreneurs have registered their enterprises. The Deputy Executive
Director of the SME DNS Gegham Petrosian said this at the December
25 press conference. In his words, under the program of assistance to
start-up entrepreneus, the SME DNC worked out a mechanism of financial
assistance, as well as created a fund of 12 mln drams (about 28.5
thousand USD) at the expense of attracted international and foreign
resources. It was noted that since November 2006, the crediting of
the business programs, which were assessed as the best, was started
through the partner bank - ACBA Credit Agricole Bank. Credits are
given in the amount of up to 1 million drams, with 12% annual interest
rate and are repayable over 3 years. The SME DNC quarantees by 100%
the credit liabilities of start-up entrepreneurs. The program has
been implemented since November.
Noyan Tapan
Dec 25 2006
YEREVAN, DECEMBER 25, NOYAN TAPAN. In 2006 the SME Developmnent
National Center (SME DNC) of Armenia provided assistance to
131 start-up entrepreneurs of the country's marzes. 45 of these
entrepreneurs have registered their enterprises. The Deputy Executive
Director of the SME DNS Gegham Petrosian said this at the December
25 press conference. In his words, under the program of assistance to
start-up entrepreneus, the SME DNC worked out a mechanism of financial
assistance, as well as created a fund of 12 mln drams (about 28.5
thousand USD) at the expense of attracted international and foreign
resources. It was noted that since November 2006, the crediting of
the business programs, which were assessed as the best, was started
through the partner bank - ACBA Credit Agricole Bank. Credits are
given in the amount of up to 1 million drams, with 12% annual interest
rate and are repayable over 3 years. The SME DNC quarantees by 100%
the credit liabilities of start-up entrepreneurs. The program has
been implemented since November.