OREANDA-NEWS. December 29, 2012. ARARATBANK attracted USD 10 million from responsAbility Global Microfinance Fund to promote micro, small and medium business financing in Armenia.

Financing will be provided with a maturity of 3-5 years and at the annual interest rate of 12-14%. Production, trade, service as well as agricultural business projects will be financed within the framework of the program. We’d like to mention that SME share in the credit portfolio makes 25%.

ARARATBANK is one of the leaders in the field of micro and small business lending in Armenia, offering state-of-the-art lending instruments to its customers as well as enabling them to receive affordable and competitive financing.

ResponsAbility Social Investments AG is one of the world’s leading asset managers for social investments with assets under management of more than USD 1 billion. ResponsAbility is committed to being a client-focused investor.

ResponsAbility is headquartered in Zurich (Switzerland). Through financing activities ResponsAbility is present in around 75 emerging markets. It is supported by renowned Swiss financial institutions and a social venture capital company.