The first loans of Farm Credit Armenia

2007-12-11

Farm Credit Armenia UCO CC first loans signing ceremony was held on the 11th of December at its office located at 18 Khajaznuni Str. US Acting Deputy Chief of Mission Robert Frazier, Micro, Small & Medium Enterprise development Advisor John L. Caracciolo from U.S. Agency for International Development, USDA Coordinator Sean Carmody participated in this ceremony along with FCA board members and staff.

First loan agreements were signed and participation certificates were handed to borrowers by Farm Credit Armenia Chief Executive Officer Armen Gabrielyan.   

Farm Credit made the first three loans to Hog, Vineyard, and Peach Farmers for purchasing a farm truck, hog feed, establishing a new vineyard, building a new cooling facility, and construction of a new green house.

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