EFSE, SEF International Partner to Fund Development in Rural Armenia

Date: 
31 Jan 2017

The European Fund for Southeast Europe (EFSE) has lent the equivalent of USD 2 million in Armenian dram to SEF International, the initial step in their partnership to support small businesses and families in rural Armenia. 

The senior loan facility, valued at nearly AMD 970 million, is earmarked for loans to micro and small enterprises, farmers, and agricultural producers. SEF clients will receive loans to grow their businesses in rural areas, which will contribute to developing local communities and improving their quality of life.

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Country: 
Armenia