Campaign for "AGBU Women Entrepreneurs"
Aiming to promote women's entrepreneurial knowledge and skills, as well as to promote and develop business ideas effectively, from April 10 to September 30, 2019, inclusively the Armenian General Benevolent Union launched AGBU Women Entrepreneurs program, a special campaign which will provide financing for startup and SMEs with existing businesses as well as offer certain banking products on preferential terms.
Funding terms:
| Minimum loan amount: | 500,000 AMD or equivalent foreign currency | |||
| Total sum of loan(s)/balance(s) provided within the scope of the campaign per one borrower |
Maximum AMD 5 million or equivalent foreign currency |
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Term |
For start-up business | For existing business | ||
| 5 years | 5 years | 7 years | ||
|
Objective |
Replenishment of working capital, acquisition of fixed assets, repayment of accounts payable | Acquisition of fixed assets, repayment of accounts payable | ||
|
Interest rates by currencies and dates |
AMD |
- |
The first 1 year, starting from 11% (fixed), afterwards starting from (CBFL + 4.75)% (floating) | The first 1 year, starting from 11.25% (fixed), afterwards starting from (CBFL + 5)% (floating) |
| USD | The first 1 year, starting from 11.5% (fixed), afterwards starting from (CBFL + 9)% (floating | The first 1 year, starting from 8% (fixed), afterwards starting from (CBFL + 5.5)% (floating) | The first 1 year, starting from 8.25% (fixed), afterwards starting from (CBFL + 5.75)% (floating) | |
| Euro | The first 1 year, starting from 9.5% (fixed), afterwards starting from (CBFL + 9.8)% (floating) | The first 1 year, starting from 6.25% (fixed), afterwards starting from (CBFL + 6.55)% (floating) | The first 1 year, starting from 6.5% (fixed), afterwards starting from (CBFL + 6.3)% (floating) | |
| One-time fee for loan disbursement | 1% of the loan amount, minimum 25,000 AMD | 0.5% of the loan amount, minimum 25,000 AMD | 1% of the loan amount, minimum 25,000 AMD | |
| Fee for loan application review | 0 AMD | |||
| Providing financial advisory services to businesses engaged in trade, services, manufacturing, tourism and agriculture |
free of charge |
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Participants may use banking products on the following terms:
- For Organizations.
| Opening and maintaining new current account / accounts | 0 AMD for the entire period of validity of the account: |
| Commission fee charged for cash deposit on current account/accounts | AMD and USD accounts, AMD 0 In other currencies, at 50% reduced tariffs |
|
Commission fee charged for cash withdrawal from current account/accounts
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In case of amounts deposited in cash:
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| Current account servicing via "Internet Bank" system | 0 AMD for the entire period of validity of the account: |
| Commission fee for card services via POS terminal/s/ | 0 AMD for the first year: |
| One corporate card service fee | 0 AMD for the entire period of card validity |
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for individuals.
| Saving account opening and maintenance | 0 AMD for the entire period of validity of the account |
| One Woman ' s Card payment card issuance and service during package activation period | 0 AMD for the entire period of card validity |
| Provision and maintenance of one VISA Classic or one Visa Gold or one MasterCard Gold payment card during the validity period of the package | Reduced servicing fee of 50% at the time of application, for the entire period of card validity |