Fund for Rural Economic Development in Armenia and the Fund’s consultant Hrachik Kochinyan held a working meetings-discussions “Factoring as a promotion model for effective sales” with Senior Staff of universal credit organizations of Armenia (03, October 2017), Armenian banks (04, October 2017) and Armenian companies involved in production, export and processing of agro products (05 October 2017) in Conference Hall of Imperium Plaza Business Center.

During the working meetings-discussions Hrachik Kochinyan, the Fund’s consultant and Nerses Kyurinyan, the Fund’s Senior Investment Officer & Investment Team Leader, introduced to the representatives of  the mentioned organizations the Factoring Services Program developed by the Fund’s consultant for the agro products producers and processors. The mentioned program was created based on the results of the Armenian Factoring Market evaluation, results of meetings with the representatives of Armenian financial institutions, the Fund’s staff and representatives of the Fund’s client companies aimed at identifying needs and features of Factoring Services in Armenia, etc.

During the meetings the Program’s effectiveness, risks, opportunities and future steps were discussed.