Converse Bank- Financing through International Programs

Updated: 06.10.2010 16:36

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01.02.2012 - 29.02.2012

AMD - 11.00

USD - 7.00

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Financing through International Programs

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Financing through International Programs

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"Converse Bank" CJSC provides loans in AMD and USD to individuals and legal entities not only on account of own funds but also from program funds with the purpose of developing rural economies and farms.

The loans are provided:
- long-term, as investments
- short-term, for increasing current assests

In agricultural sphere the Bank carries out financing through the following projects:

WTM ("Water to Market" project of Millennium Challenge)
RESCAD (Rural Enterprise and Small-Scale Agricultural Development Project)
MOFP (Marketing opportunities to Farmers projec)
IFAD (Rural Areas Economic Development Program)

	WTM	RESCAD	IFAD	MOFP
Financial instrument	loan	loan	loan	loan
Amount	AMD 300 000 - 10 500 000	maximum USD 150 000	maximum USD 150 000	maximum USD 150 000
Term	24-84 months	maximum 84 months	maximum 84 months	maximum 84 months
Grace period	maximum18 months	maximum18 months	maximum18 months	maximum18 months
Interest rate	12%	12%	12%	12%
Service fee	N/A	N/A	N/A	N/A
Other condotions	All RA Marzes	All RA Marzes	All RA Marzes, excluding Kotayk, Ararat and Armavir marzes	All RA Marzes