A license to carry out microfinance business in Armenia
Yerevan, Armenia - June 26th, 2018
Mikro Kapital obtains from the Central Bank of Armenia a license to carry out microfinance business in the country.
The Central Bank of Armenia Board (CBA – Հայաստանի Հանրապետության Կենտրոնական Բանկ) granted a license to Mikro Kapital Armenia UCO CJSC to carry out microfinance business in the country.
Mikro Kapital announces that it has received from the Central Bank of Armenia the registration and licensing for credit organization activities and financial operations for the local entity “Mikro Kapital Armenia UCO CJSC”.
Vincenzo Trani, President and Founder of Mikro Kapital, welcomed the news:
“With this new license, Mikro Kapital extends its presence in the Caucasus region, bringing our best practices in the field of microfinance to Armenia. This new license will allow us to operate in the country and create new job opportunities.”
The Cascade is a giant stairway in Yerevan, Armenia. Inside Cascade is located the Cafesjian Museum of Art.
All international observers expect strong growth in Armenia in the next two year period (2018-2020) and the opening of our new branch in the region will help small and medium-sized enterprises to obtain financial support.
Khachik Nerkararyan, CEO of Mikro Kapital Armenia UCO CJSC, has confirmed that “In the next days the license will be officialized and the company will be able to start operating. Our key mission will be to develop micro and small business lending in Armenia and become one of the most important operators in the area.”
This new opening is part of the company’s development plan, which envisages expansion into the Caucasus area, central Asia and the “Silk Road” countries, bringing its microfinance and impact finance services to support the development of small and medium-sized local businesses.
The information in this site is intended for professional investors only.
The information contained in these pages must not be used or relied upon by retail investors.
We recommend that you read the below before you view this site.
By clicking accept
you acknowledge that you have read and understood the important information below. It covers:
Our Cookies Policy, and
General legal and compliance information.
The information contained on the pages of this website should not be considered as an offer, or solicitation, to deal in any of the investment recommendation or funds mentioned herein, by anyone in any jurisdiction in which such offer or solicitation would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
To display the required information and stay up-to-date about it, please provide us your email address:
Find out more or adjust your settings.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.