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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.
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Acba Bank y IFC se asocian para asignar 50 millones de dólares a las pequeñas empresas de Armenia, centrándose en las mujeres y las zonas rurales.