Agricultural loans

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Annuity Reducing

AVAILABLE SUPPORT Business/agricultural Microcredit

Up to 4,000,000 AMD 

Starting from 12.5% interest rate

With 60 month's period

Up to 30 months grace period

Without a pledge


If You need money for:

     • Micro and small business development

      Replenishment of working capital

      Capital investment or combination


as well as for other similar purposes, then “KAMURJ” UCO CJSC offers you a subsidized business loan with the following conditions:

Loan granting conditions

Borrower (s)

RA citizen (s) and RA resident individual (s) (individual entrepreneurs)

The resident legal entities, In case of agricultural loans, also RA citizens and RA resident individuals

Age limitation Borrower's age at the moment of applying must be 18-70
Loan amount Up to 4,000,000 AMD 
Annual interest rate 

12.5% - 14.4% for business loans

14.4% for agricultural loans

Annual factual interest rate

12.59% - 15.38%

Loan repayment term

Up to 60 months - In case of capital investments or combination*  

Up to 36 months - In case of replenishment of working capital 

Grace period for loan payment (when only interest and service charges are repaid)

3 - 30 months - In case of capital investments or combination*  

3 - 15 months - In case of replenishment of working capital

Payment mode

 Annuity (equal monthly payments)

 Equal monthly payments on the loan amount

 Other - customer cash flow matching  

Payment mode

 For business and agricultural purposes up to 6 months in the case of monthly (annuity) payments, in addition, with no more than 3 months in each 12-month period,
 In case of agricultural purpose and individual schedule (interests are calculated against the loan amount balance) maximum 27 months, in addition, every 12 month period at least 3 repayments of the loan should be done.

Granting fee


Loan servicing monthly fee Free of charge
Loan application review fee Free of charge
Lending territory Territory of RA
Basic security

Guarantees of at least 2 individuals.

Persons who are affiliated with borrower can not be guarantees for the same borrower and loan.

Early payment penalty The borrower should pay accrued interests and penalties (if any) until the early payment date. 
Applicable penalties Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
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


You can repay the loan early without paying any fine and penalty.


The lending is implemented by the help of German-Armenian Fund (KfW).


* At least 70% of the loan amount should be directed to capital investments, if nothing else is defined by the refinancing company, otherwise, the loan will be considered as a loan provided for the purpose of replenishing working capital.


List of necessary documents

 Passport  or/and Identification card and Social security card

 Private Entity Certificate

 Taxpayer's Identification Number  (TIN)



Actual annual interest rate 

ATTENTION: Actual annual interest rate shows how much the loan will cost to you after paying the interest rate and other payments in defined deadlines and amounts. You can find the calculation order of annual interest rate by pressing here 8/01




Almost all loans up to 3 million AMD or up to 6,000 USD, in about 40 border communities of Tavush, Vayots Dzor, Gegharkunik and Ararat regions of Armenia, are provided with the following privileges:

    Without charging granting fees

    Without charging loan servicing monthly fees

    At reduced interest rate


According to the list of border communities

approved by RA Government decision N30-N 15/01/2015 




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. 

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.