Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

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Combined financial product- Subsidized Agricultural Microloan

2,5 - 4 million AMD

0% interest rate

Up to 60 months-term from which

Up to 18 months are grace period

With the opportunity to receive a grant up to 25% of the loan amount

If You need money for capital investments in Your micro and small rural business development*, and if You are registered and engaged in agricultural activities:

• a) Establishment of orchards and care

• b) Greenhouse work

• c) Organization of dried food production

• d) Beekeeping

• e) Refrigeration establishment

then ''KAMURJ'' UCO CJSC offers You a combind subsidized agricultural Micro-loan without a pledge, with the following conditions:

Loan granting conditions

Indicators	limits
Borrowers	RA citizen and RA resident individuals, RA resident individual entrepreneurs, RA resident legal entities
Age limitation	Borrower's age at the moment of applying minimum 18, maximum 70
Loan amount	2,5 - 4 million AMD
Loan maturity	Up to 60 months**
Annual interest rate	0% 12% interest rate stimulated by the “KAMURJ” UCO out of which 12%
Annual factual interest rate	0%-12.68%
Grace period for loan payment	Up to 18 months (when only interest and service charges are repaid)
Payment mode	• Annuity (equal monthly payments) • Equal monthly payments on the loan amount • Other - customer cash flow matching
Payment mode	Equal monthly payments (annuity), or Contractual Individual Schedule: (the interest is calculated against the loan amount balance) the minimum amount of repayments and amount of loan should be planned depending on the loan term.
Granting fee	Free of charge
Loan application review fee	Free of charge
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Lending territory	• RA, Ararat province (Shahumyan, Nor Ughi, Pokr Vedi, Surenavan) • RA, Vayots Dzor province (Arpi, Zaritap) • RA, Syunik province (Meghri, Agarak, Alvank, Lehvaz, Karchevan, Nrnadzor, Shvanidzor, Spandaryan, Darbas, Harzhis)
Loan granting method	Non-cash
Basic Security	Guarantees of minimum 2 individuals
Early payment penalty	The borrower should pay accrued interests and penalties (if any) until the early payment date.
Maximum term of loan approval	Within 7 days after presentation of all the required documents
Maximum length of loan granting	Within a day after presentation of all the required documents

The project is implemented in cooperation with the Ministry of Agriculture, the GFK and the Company, with a trilateral agreement approved by the cooperation of subsidized agricultural loans.

* In case of Capital investments, the replenishment of working capital at the expense of credit funds should not exceed 30% of the total loan amount.

** In case of loans provided for the establishment of a traditional garden, maximum 84 months

List of necessary documents

• A certificate issued by the Agricultural Development Foundation.

• Customer identification document (passport issued by the Republic of Armenia)

ATTENTION: If you do not perform your whole liabilities within prescribed time, the information about you will be recorded in the Credit Register of the Central Bank of Armenia by the creditor.

WARNING: Your assets (house, car, etc.) may be confiscated if you do not make payments of interest and credit amount within the prescribed time as well as other regulations specified in the agreement between you and the “KAMURJ” company.