Loans - ԿԱՄՈՒՐՋ վարկային կազմակերպություն

Agricultural loans

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Subsidized agricultural micro loan for the development of sheep and goat breeding

Up to 4 million AMD

0% interest rate

Up to 48 months-term from which

Up to 12 months are grace period

If You need money

• for Small and Medium Rural Business Development

• for the acquisition of Small cattle - up to 18 months sheep and goats, 4-16 months female and 6-16 months male young animals

as well as for other similar purposes, then ''KAMURJ'' UCO CJSC offers You a subsidized agricultural Microloan without a pledge with the following conditions:

Loan granting conditions

Indicators	limits
Borrowers	RA citizen and RA resident individual (s) (Individual Entrepreneurs) The resident legal entities, in case of agricultural loans - Citizens of RA and RA resident individuals also
Age limitation	Borrower's age at the moment of applying minimum 18, maximum 70
Loan amount	Up to 4 million AMD
Loan maturity	Up to 48 months
Annual interest rate	14% The interest rate subsidy will be implemented in such a way that the loans will be provided to the borrower. • 2% interest rate. • 0% interest rate to the economic entities of the border communities included in the list approved by the decision N 1444-N of the Government of the Republic of Armenia of December 18, 2014 or to the cooperatives operating in the field of agriculture
Annual factual interest rate	0% - 14.92%
Grace period for loan payment	Up to 12 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
Applicable penalties	Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)
Lending territory	Territory of RA
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.

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.