“KAMURJ” credit organization has summarized the results of cooperation taken place in 2016 with KFW bank and BFC international financial consulting company.

““KAMURJ” credit organization at the end of 2015, joining the  Agro 2 agricultural loan program of  KFW bank, attained the opportunity,  also within the scopes of that program, to  cooperate with  BFC international financial consulting company.

In the result of cooperation, BFC international company has provided “KAMURJ” credit organization  a consultation on staff training,  optimization of business processes and on creation of  a centralized decision-making department  during the loan approval process.

Summing up the results of 2016, we can note, that within the scopes of that program in 2016, about 850 milliard AMD loans have been distributed, the basic focus of which was on micro agriculture. Within the activity of the program, 280 customers have got loans and the average amount of the loans amounted to 3 million AMD and, most importantly, the loans have been given with 13-15 interest rate, with AMD and without commission fee.

We would like to particularly focus on the role of the centralized decision-making department during the loan approval process, in the result of which we also have only 0.3 % risk for the given types of loans, which is a pretty impressive indicator for the agricultural sphere.

It should be also noted, that currently, the 70% of the microloans are confirmed through the centralized decision-making system.

In the nearest future, we are going to prolong and deepen the cooperation with KFW bank and BFC international financial consulting company”, noted in “KAMURJ” UCO CJSC.