Фонд международного сообщества помощи (FINCA International)

Шаблон:Unitedt FINCA (Foundation for International Community Assistance. Yerevan)FINCA (Foundation for International Community Assistance) Address: 28 Khorenatsi Street, Yerevan, 375018, Republic of Armenia Phone: (374 1) 54 55 31, 54 55 32, 56 28 61 Fax: (374 1) 58 48 63 E-mail: finca@arminco.com URL: http://www.villagebanking.org/member/armenia

Ms.Maria Elaina Cortez Acting Country Director

Mr.Aram Ghukasyan Supervisor

FINCA's Village Banking methodology was developed for providing micro-credit to poor entrepreneurs, who did not have access to commercial credit. A critical aspect of the Village Banking program as an antipoverty tool is its emphasis on improving the earnings of women.

FINCA Armenia opened its doors and officially distributed its first loans in June 1992.

The goal of FINCA Armenia is to provide loans to small and entrepreneurs and encourage saving and investment via community based loan groups. FINCA Armenia°s Village Banking groups are small, averaging 10-12 members.

FINCA Armenia is funded by grants from USAID, the Irwin Porter Foundation.

Current activities Any business woman/man, who has a valid passport and legal business and who is a permanent resident of the city Yerevan or any of the neighboring regions may become a Loan member.

The loan is provided for a period of 16 weeks. The interest and loan are repaid weekly through equal portions. Loan size starts at 40.000 Dram, with increases by cycle. FINCA does not require collateral.

Armenia micro-finance legislation project The "Credit Forum", a working group made up of several international and local NGOs has been working together for several months on legislation towards a better operating environment for micro-finance institutions in Armenia. The group has been involved in researching current laws and regulations and working with local counsel on recently drafted legislation.

Major Projects Armenia micro-finance legislation project The Credit Forum, a working group made up of several international and local NGOs has been working together for several months on legislation towards a better operating environment for micro-finance institutions in Armenia. The group has been involved in researching current laws and regulations and working with local counsel on recently drafted legislation.