geo/armenia

Location
40.187053622047, 44.511108398438

Armenia

Submitted by tfang@ifc.org on
Country
Current Volume
1709678361
Finance gap
1076001789
Micro Women Gap
106770943
Micro Men Gap
969230846
MSME Women Gap
106770943
MSME Men Gap
969230846
Micro Gap ( Men and Women )
1076001789

Supporting small-scale entrepreneurs and green initiatives in Armenia

Triodos Microfinance Fund and Triodos Fair Share Fund have provided a EUR 15 million subordinated debt facility to Ameriabank in Armenia to support the bank’s mission to increase its outreach to small-scale entrepreneurs and green initiatives.

Artak Hanesyan, CEO of Ameriabank: “This facility further improves our capital position under the Basel III regulations. We have now raised more than EUR 30 million subordinated debt this year, thereby maintaining a strong and diversified capital structure. This makes us well-positioned to continue growing our customer lending while maintaining strong capital adequacy ratios.”

Rosa Sarkeyeva, Regional Manager for Eastern Europe, the Caucasus and Central Asia: “This debt facility marks the beginning of a long-term cooperation with Ameriabank. We wholeheartedly support Ameriabank’s ambitions to increase its offering in agri-financing and renewables financing. We look forward to exploring other opportunities that will have a positive impact on local communities and contribute to economic and social development.”

Read the press release from Ameriabank.

 

Visa

World’s leader in digital payments whose mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive.

Country / Region
Member Since
Organization Type
Location
37.7749295, -122.4194155
Contact Person Name
David Whitelaw
Contact Person Title
Senior Director, Business Planning & Operations, Social Impact
Contact Person Email
dwhitela@visa.com
City/Town location
San Francisco

Boosting SME growth in Armenia

Triodos Fair Share Fund and Triodos Microfinance Fund have provided a EUR 3 million debt facility to AraratBank, one of the leading financial institutions in the Armenian banking sector.
 
This facility will enable AraratBank to further expand its outreach to small and medium-sized enterprises (SMEs).
 
 
Rosanna Sarkeyeva, Regional Manager for Europe, the Caucasus and Central Asia: “AraratBank plays a very important role in addressing the current and future needs of the SME sector in Armenia, a sector which not only sustains and advances businesses but also forms the backbone of the country’s economy. Very important to us is that this loan enables AraratBank to further expand its focus on green lending products and women-led businesses, and to contribute to a robust financial infrastructure to mitigate the impact of COVID-19 and ease the consequences of the war.”
 
 
 

Paypal

Paypal’s open digital payments platform gives its more than over 270 million active account holders. better ways to manage and move money and offers flexibility when sending payments, paying or getting paid.

Country / Region
Member Since
Organization Type
Location
37.33874, -121.8852525
Contact Person Name
Usman Ahmed
Contact Person Title
Head of Public Policy
Contact Person Email
usahmed@paypal.com
City/Town location
San Jose, CA, USA
PipeDrive organization Id
234
Operation countries

FMO

FMO is the Dutch development bank, empowering entrepreneurs in emerging markets, focusing on underserved markets and key sectors for development.

Country / Region
Member Since
Location
52.0704978, 4.3006999
Contact Person Name
Jeroen Harteveld
Contact Person Title
Fund Manager MASSIF
Contact Person Email
j.harteveld@fmo.nl
City/Town location
Hague, Netherlands
PipeDrive organization Id
1426

Acba Bank

Universal bank established in 1996 promoting financial inclusion in Armenia, delivering innovative and efficient financial solutions with strong focus on rural communities.

Country / Region
Member Since
Organization Type
Location
40.1872023, 44.515209
Contact Person Name
Mane Poghosyan
Contact Person Title
SME and Corporate Business Products Planning and Management Division Specialist
Contact Person Email
mane.poghosyan@acba.am
City/Town location
Yerevan, Armenia
PipeDrive organization Id
2264
Operation countries

FINCA Impact Finance

FINCA Impact Finance’s network of 21 microfinance institutions and banks provides responsible financial services that enables low-income entrepreneurs and small business owners to invest in their future.

Country / Region
Member Since
Organization Type
Location
38.9071923, -77.0368707
Contact Person Name
Laurent Klein
Contact Person Title
Head of Capital Markets Group
Contact Person Email
laurent.klein@fincaimpact.com
City/Town location
Washington D.C., DC, USA
PipeDrive organization Id
1575

DFC - U.S. International Development Finance Corporation (Former OPIC)

OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.

Country / Region
Member Since
Location
38.9071923, -77.0368707
Contact Person Name
James Polan
Contact Person Title
Vice President, Small and Medium Enterprise Finance
Contact Person Email
james.polan@opic.gov
City/Town location
Washington D.C., DC, USA
PipeDrive organization Id
185