Thanks to her family’s hard work, her sound business skills, and FINCA loans, Goharik's traditional Armenian ceramics business has continued growing. The family’s living standards have improved along with the profits from the business.
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Facts about ArmeniaAfter the global financial crisis, Armenia’s economic growth slowed significantly; the percentage of Armenians living in poverty increased from 27.6% in 2008 to 35.8% in 2010.Remittances, or money sent into the country from Armenians working elsewhere, make up 12% of the country’s gross domestic product (GDP).
Established in 1999, FINCA Armenia serves clients through 28 offices throughout the country. FINCA capital is helping to build microenterprises in agriculture, production and services in urban and rural areas. FINCA Armenia’s loan products—individual, solidarity group, rural and local currency loans—support clients’ diverse needs.
1 Information is updated on a quarterly basis.
2 Population lacking account at formal financial institution.