On September 27, 2016, FINCA UCO celebrated the official grand opening ceremony of Gavar Branch.

FINCA has started lending in the Gegharkunik region of Armenia since 2009, when the loans were provided to the population at FINCA Hrazdan branch. The demand of lending was obvious in the region; however it was becoming almost impossible to serve the day by day growing base of clients through a single branch in Hrazdan. To be closer to clients and to provide them with prompt and high quality financial services, in 2015 FINCA opened branches in the cities of Chambarak, Martuni, and Vardenis. It was Gavar’s turn…

A number of honored guests from FINCA partner organizations, local government bodies, as well as financial institutions joined the celebration of the opening ceremony. The guests enjoyed hors d’oeuvres and exchanged congratulatory messages.

In the region of Gekharkunik, FINCA provides service to more than 3000 clients. The loan portfolio is about 1,7bln AMD as of August 31, 2016.