Cooperation for the Allocation of Funds from the Credit Component of the MCA "Water-to-Market" Project

In order to increase credit investments in the agricultural sector, Credit Concept UCO CJSC is laying the foundations for cooperation to attract and allocate available funds in the market.

The Company has signed a cooperation agreement with the Rural Finance Facility of the "Rural Areas Economic Development Programmes Implementation Unit" State Agency of the RA Ministry of Economy, under which it will allocate funds from the credit component of the MCA-Armenia (Millennium Challenge Account) "Water-to-Market" Project.

Beneficiaries of the program are considered to be individuals and legal entities (without state participation), sole proprietors, and other non-governmental organizations engaged in agriculturally oriented activities. As a result of this cooperation, clients of "Credit Concept" UCO CJSC can obtain loans under the following conditions:

• Repayment period: 2 to 7 years

• Maximum annual interest rate: 12%

Staying true to its mission and core values, "Credit Concept" UCO CJSC is ready to provide its clients with credit products that will significantly improve their quality of life and stimulate the development of agriculture in the Republic of Armenia. The availability of funds from the credit component of the MCA "Water-to-Market" Project further enhances the Company's ability to fulfill its primary mission.