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Cooperation For The Benefit Of All

FARM CREDIT ARMENIA. Cooperation For The Benefit Of All. Ani Sargsyan Deputy CEO/CFO. GENERAL OVERVIEW. Farm Credit Armenia Universal Credit Organization Commercial Cooperative (FCA UCO CC) is: The only cooperative financial institution in Armenia;

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Cooperation For The Benefit Of All

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  1. FARM CREDIT ARMENIA Cooperation For The Benefit Of All AniSargsyan Deputy CEO/CFO

  2. GENERAL OVERVIEW • Farm Credit Armenia Universal Credit Organization Commercial Cooperative (FCA UCO CC) is: • The only cooperative financial institution in Armenia; • The only financial institution serving only rural Armenia; • Our mission is to improve the quality of life in rural Armenia by providing accessible financial services to agriculture, agribusiness, SMEs, micro borrowers, young, beginning & small (YBS) farmers, women and minorities. • Our vision is to be the leader in agricultural credit services among credit institutions in Armenia by offering preferable financial services to our customers thus fostering the development of rural Armenia.

  3. Basic features of Our Products Agricultural (farmer) loans (livestock, poultry and fish production, viticulture, gardening and horticulture, other agricultural activities); Agribusiness loans (agricultural production processing and marketing, mainly: dairy, wine-making, flour milling, fruit and vegetable driers and refrigerators, sale of pesticides and fertilizers, other agriculture and agribusiness related activities); SME loans (retail and wholesale trade, production, services and other activities supporting farmers, agribusiness and rural Armenia); Leasing (agricultural machinery and equipment);

  4. Our structure Branches Branches Management Branches Branches Board of Directors Executive Committee Audit Committee General meeting: Farmers

  5. Financial indicators • Average loan size is 3,800 with average term of 24 month • The leasing portfolio is $360,000 • On the liability side FCA main partners are MCA, World Bank, and IFAD • Currently the total capital is $2 million including $1.2 million statutory capital • FCA plans to have $2.5 million equity at the end of 2013 • Seed capital was provided by USDA, which also has covered the significant part of operational costs

  6. Our Current Portfolio • High quality loan portfolio (NPL is 1.3%); • Excellent lending technology, which includes detailed analysis and on-going monitoring of loans.

  7. Our Cooperative • FCA aims to develop agricultural production, support its infrastructure in rural Armenia through a sustainable cooperative financial institution and provide credits in good times and bad times. • Farm Credit Armenia`s member-borrowers are the owners, controllers and beneficiaries of the organization. • Each member has the right of one share-one vote

  8. Rural Coop Support Foundation • FCA has established Rural Cooperation Support Foundation, which will lead the educational and communication part of its activities • Customer meetings • Periodic meetings with members in different regions for identifying their needs and problems. • Trainings PUM, Cochran • FCA has signed a MoU with Netherland PUM foundation for technical assistance and Rural Coop is the implementer of it. The cooperation is in the scope of continues trainings for the FCA member-borrowers. • FCA board members and borrowers have participated in Cochran Fellowship Program, which includes visits to US farms. Non financial services

  9. Our member-borrowers • Started with 57 Armenian farmers and currently FCA has almost 2,700 member-borrowers. • The number of women borrowers in total is about 350. • 5 office locations, 4 of which is in regions.

  10. FARM CREDIT ARMENIATHANK YOU FOR YOUR COOPERATION!

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