Yesterday, in Paris, Armenia’s National Mortgage Compnay  signed a 10 million Euro loan agreement with Agence Française de Développement (French Agency for Development - AFD).

The money will be used to offer micro-loans to socially vulnerable individuals in Armenia for home repairs and to raise the level of energy savings. 

The AFD is a public development finance institution that has been working to fight poverty and foster economic growth in developing countries and the French Overseas Provinces for seventy years.