Acba Bank and IFC partner to allocate $50M for Armenia's small businesses, focusing on women and rural areas.

Acba Bank, in partnership with the International Finance Corporation (IFC), plans to allocate $50 million to support micro, small, and medium enterprises (MSMEs) in Armenia. IFC will cover up to 50% of the loan risk, aiming to aid sustainable development, especially for women-owned businesses, rural areas, and agribusinesses. Acba Bank's CEO, Hakob Andreasyan, believes this will enable swift funding allocation.

3 months ago
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