Day 1: Welcome & introduction local impact investing industry
Day 2: Head office meeting with financial regulator, largest Non-Banking Financial Institution and micro entrepreneurs
Day 3: Head office meeting with leading SME bank, field trip to meet with micro entrepreneurs
“Armenia is a unitary, multi-party, democratic nation-state with an ancient cultural heritage and a population of 3m people. While it has a strong entrepreneurial spirit, Armenia‘s small economy is nevertheless exposed to the impact of external crises. Effects from the global financial crisis pushed poverty levels from 27.6% in 2008 to 32% in 2013, with large disparities between the relatively wealthier capital, Yerevan, and poor rural areas and small urban centers. More recently, the economic crisis in Russia – Armenia’s largest trading partner and home to many Armenian migrant workers – has resulted in renewed economic pressures. The work of the country’s microfinance sector is therefore even more vital in providing opportunities to the country’s working poor. BlueOrchard’s investment officers cover a broad range of institutions from non-bank credit organizations operating in the country’s rural regions to large downscaling banks serving Small and Medium Entreprises.”
For more information or registration please contact
Ms Ebony Satti, BlueOrchard Finance Ltd, Seefeldstrasse 231, 8008 Zürich
T: +41 44 441 55 50, M: ebony.satti@blueorchard.com