A license to carry out microfinance business in Armenia

Mikro Kapital obtains from the Central Bank of Armenia a license to carry out microfinance business

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.