Access to Finance

Finance

loans and grants

The EU supports SMEs with concessionary loans via national banks, micro financing for household businesses, small grants, training staff at national banks to better serve SMEs, training SMEs in financial literacy.

Loans
Grants
Equity

Loans

EU provides special loans under its EU4Business Initiative through local partner banks in Armenia:

ACBA Leasing CJSC

Promoting Green Lending in the Eastern Partnership Who can apply: SMEs with energy effici...

Amount of loans up to 100 000 €

ACBA – Credit Agricole Bank CJSC

Promoting Green Lending in the Eastern Partnership Who can apply: SMEs with energy effeci...

Amount of loans up to 390 000 €

Araratbank OJSC

EU4Business – The EU Local Currency Partnership Initiative: the European Fund for So...

Amount of loans up to 100 000 €

Inecobank CJSC

Local currency loans for working capital or investment needs under the initiative European...

Amount of loans up to 300 000 €

SEF International Universal Credit Organization LTD

Local currency loans for working capital or investment needs under the initiative European...

Amount of loans up to 100 000 €

SEF International Universal Credit Organization LTD

EBRD

FINANCE AND TECHNOLOGY TRANSFER CENTRE FOR CLIMATE CHANGE (FINTECC) - EU4CLIMATE window W...

Amount of loans up to 425 000 €

ArmSwissBank CJSC

EU4Business-EBRD Credit line (SME Competitiveness Programme in Eastern Partnership) Who c...

Amount of loans up to 300 000 €

Ameriabank CJSC

Women in Business Who can apply: Women-led MSMEs. Special terms of business loans to wo...

Amount of loans up to 1 200 000 €

Armeconombank CJSC

Women in Business Who can apply: Women-led MSMEs. Women-led businesses can get an avera...

Amount of loans up to 20 000 €

Converse Bank CJSC

Women in Business Who can apply: Women-led MSMEs. Minimum loans equivalent to EUR 12,50...

Amount of loans up to 600 000 €

Grants

Grants for SMEs are available through a number of programmes.

EU Green Agriculture Initiative in Armenia (EU-GAIA)

Grantees of the EU Green Agriculture Initiative in Armenia, such as green agriculture and organic agriculture farmers, can apply for €10,000 - 15,000 grants on average and for a demo or post-harv...

Valid until

2023-03-31

With total budget for grants

€ 35,000

EU for Increasing Migrants’ Potential to Act for Development of Armenia (EU4IMPACT)

Migrants in Armenia including working migrants, returnees and their families can get support for their existing businesses or start-ups via the EU4IMPACT with a €2,000 - 10,000 grant provided thr...

Valid until

2024-09-01

With total budget for grants

€ 10,000

Innovative Tourism and Technology Development for Armenia (EU ITTD)

Opportunities for getting from €5,000 to €50,000 grants with consultancy services are provided by the EU ITTD that ensures inclusive growth of tourism and innovative industries. Grants are a...

Valid until

2023-04-30

With total budget for grants

€ 50,000

Equity

Armenia SME Finance and Advice Facility

Who can apply: SMEs in agriculture, manufacturing renewable energy with less than 250 employees. For excluded activities see EBRD Environmental and Social Exclusion List. Amount of loans/other terms...

Valid until

2029-12-31

With total budget for grants

€ 8 million