{"id":63163,"date":"2013-10-04T09:54:33","date_gmt":"2013-10-04T09:54:33","guid":{"rendered":"https:\/\/armbanks.am\/2013\/10\/04\/239479\/"},"modified":"2024-12-15T13:07:23","modified_gmt":"2024-12-15T13:07:23","slug":"araratbank-attracts-4-million-fresh-loan-to-finance-micro-business-projects-in-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/10\/04\/63163\/","title":{"rendered":"Araratbank attracts $4 million fresh loan to finance micro business projects in Armenia"},"content":{"rendered":"<p><strong>YEREVAN, October 4, \/ ARKA \/.<\/strong> Armenian Araratbank said today it has been provided with a $4 million fresh loan by BlueOrchard Microfinance Fund. According to a bank\u2019s press release, it has been the second $4 million worth loan provided by BlueOrchard to Arartbank this year.<\/p>\n<p>Araratbank said the loan will be used to finance micro manufacturing, trade, services and agriculture business projects.<\/p>\n<p>The loans will be granted for a period of 3-5 years with an annual interest rate of 12-14 % to help boost micro and small businesses. Since the beginning of the year the bank has already financed 200 enterprises.<\/p>\n<p>BlueOrchard Microfinance Fund was established in Luxembourg in 2001. Since its inception BlueOrchard-managed funds have provided nearly USD 2bn in loans to more than 260 microfinance institutions that together reach 30 million clients.<\/p>\n<p>Araratbank was established in 1991. Some 74.18 % of its shares are owned by Barsegh Beglaryan, the owner of Flash oil trader and 25% by the EBRD. Araratbank joined NASDAQ OMX Armenia in 2009. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenian Araratbank said today it has been provided with a $4 million fresh loan by BlueOrchard Microfinance Fund. According to a bank\u2019s press release, it has been the second $4 million worth loan provided by BlueOrchard to Arartbank this year<\/p>\n","protected":false},"author":1,"featured_media":157317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12162,15837,12209],"class_list":{"0":"post-63163","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-araratbank","10":"tag-armenia-2","11":"tag-business"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/63163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=63163"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/63163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157317"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=63163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=63163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=63163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}