OREANDA-NEWS. February 13, 2013. ARARATBANK signed a 4 million USD Credit Agreement with Blue Orchard Microfinance Fund. Loans will be provided to the business entities engaged in production, trade, services and agriculture with a maturity of 3-5 years and at the annual interest rate of 12-14%, reported the press-centre of ARARATBANK.

It is due of mention that in 2012 ARARATBANK attracted about USD 33 million for on-lending to business entities on affordable and attractive terms.

BlueOrchard Microfinance Fund was founded in Luxembourg in 2001. Its credit portfolio exceeds USD 1 billion. BlueOrchard Microfinance Fund disbursed loans to more than 250 microfinance organizations in over 40 emerging markets.