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Microfinance in Armenia: Country Profile

Loans: 497.0 million (USD, 2010)

Active borrowers: 247,364 (2010)

Deposits
Total value of all deposit accounts
Deposits: 196.6 million (USD, 2010)

Depositors: 188,189 (2010)

Cross Market Analysis
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MFIs (12)

Name	Date	Diamonds	Gross Loan Portfolio Gross Loan Portfolio Gross Loan Portfolio	Number of active borrowers Number of active borrowers Number of borrowers with loans outstanding
ACBA	2010	4	260,958,221	98,966
ANIV	2005	4	1,193,151	213
AREGAK UCO	2010	4	23,365,529	28,886
CARD AgroCredit	2008	1	975,821	88
ECLOF - ARM	2010	4	3,408,315	1,402
Farm Credit Armenia	2010	4	3,082,291	333
FINCA - ARM	2010	4	25,060,490	38,006
INECO	2011-09-30	4	135,729,898	—
KAMURJ	2010	5	9,410,676	6,143
Nor Horizon	2010	5	4,256,480	2,981
ProCredit Bank - ARM	2010	3	51,569,098	4,512
SEF-ARM	2010	5	7,791,825	8,219

Funders

Funders (12)

Name	Website	# of Related MFIs	Related MFIs
Dignity Fund, L.P.	www.dignityfund.com	1	KAMURJ
Incofin - Rural Impulse Fund	www.incofin.be/...	1	KAMURJ
Incofin - VDK MFI Loan Portfolio		2	ACBA INECO
Incofin Fund		2	FINCA - ARM SEF-ARM
MicroCredit Enterprises	www.MCEnterprises.org	1	KAMURJ
Oikocredit	www.oikocredit.org	4	AREGAK UCO FINCA - ARM Nor Horizon SEF-ARM
Oxfam Novib Fund	www.triplejump.eu	2	AREGAK UCO Nor Horizon
responsAbility Global Microfinance Fund	www.responsAbility.com	1	AREGAK UCO
responsAbility Microfinance Leaders Fund	www.responsAbility.com	1	ACBA
ShoreCap Intl.	www.shorecap.net	1	INECO
Triodos-Doen Foundation	www.triodos.com/...	1	FINCA - ARM
Vision Fund	www.visionfundinternational.org	1	SEF-ARM

Networks

Networks (8)

Name	Website	Headquarter Country	# of Related MFIs	Related MFIs
CRS	www.catholicrelief.org	United States	1	KAMURJ
ECLOF	www.eclof.org	Switzerland	1	ECLOF - ARM
FINCA International	www.FINCA.org	United States	1	FINCA - ARM
MFC	www.mfc.org.pl	Poland	3	FINCA - ARM INECO KAMURJ
MFN	www.mfnetwork.org	United States	1	KAMURJ
Save the Children	www.savethechildren.org	United States	1	KAMURJ
Vision Fund	www.visionfundinternational.org	United States	1	SEF-ARM
World Vision	www.worldvision.org	United States	1	SEF-ARM

Service Providers

Service Providers (4)

Name	Website	Institution Type	# of Related MFIs	Related MFIs
CRS	www.catholicrelief.org	NGO	1	KAMURJ
Kiva	www.kiva.org	Peer-to-peer Lender	3	AREGAK UCO Nor Horizon SEF-ARM
Planet Rating	www.planetrating.com	Rater	1	KAMURJ
PlaNIS	www.planis.org	Fund Manager	1	ACBA

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Legal Information

Regulator:

Central Bank of Armenia

Laws & Regulations for Microfinance:

CGAP Regulation Center

Recent News

02.09.12

MICROFINANCE PAPER WRAP-UP: Global Microscope on the Microfinance Business Environment 2011

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01.31.12

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Lends $30m to Agricultural Cooperative Bank of Armenia ...

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01.16.12

Remittances to Armenia reduce at end of 2011

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01.16.12

Remittances to Armenia reduce at end of 2011

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