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- Where we work
- Ardshinbank
Ardshinbank
Armenia
| Borrower | Ardshinbank |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Financial |
| Approved | 16.12.2014 |
| Signed | 31.03.2015 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| OPEC Fund Contribution (US$m) | 10.00 |
This loan will be used for on-lending to SMEs involved in the construction and operation of small-scale hydropower plants. These plants will help serve as catalysts for boosting job creation and income generation for vulnerable segments of the population.