Farm Credit Armenia and Dutch PUM sign consulting agreement

YEREVAN, September 19. /ARKA/. Farm Credit Armenia universal crediting organization and the Dutch organization PUM signed on Tuesday an agreement whereby the latter will provide agricultural advice to Armenian farmers.

PUM was founded April 24, 1978 by the Dutch Christian Employers Federation (NCW) with the support of the foreign ministry. PUM Netherlands Senior Experts has over thirty years of experience of providing consulting services to businesses in developing countries and emerging markets. PUM provides advice in virtually all possible areas – from logistics to welding, from hospitality and food service and woodworking.

The agreement was signed by chief executive officer of Farm Credit Armenia Armen Gabrielyan and Luis Kelkenz, head of the Caucasus region of PUM.

Farm Credit Armenia was founded in September 2007 by 57 Armenian farmers with the assistance of U.S. Department of Agriculture. Its overall assets on September 1, 2012 stood at more than 4 billion drams and equity capital was 777 million drams. Since 2009, it has been providing also leasing of agricultural machinery. There are 31 credit organizations in Armenia with 70 branches. ($ 1 - 408.22 drams). -0-