Economic Development

JMF’s Economic Development Department emphasizes activities and projects that expand the economic opportunities for the underprivileged by providing sustainable financial services.

JMF has set the following strategic objectives to meet the demand of program beneficiaries:

  • Increase beneficiaries’ access to micro credit services
  • Enhance institutional lending services
  • Increase the educational level of borrowers

JMF also prioritizes economic development activities that:

  • Assist appropriate non-financial business development services that build the capacity of small entrepreneurs to establish and manage businesses.
  • Improve the employability of vulnerable populations by supporting activities, such as vocational and technical training.
  • Support the successful small businesses and industries that have the potential for growth and opportunity to provide employment for vulnerable groups.

Beneficiaries Description: Maximum 15 newly graduated young specialists in Gyumri and overall Shirak region aged 18-30 years

Beneficiaries Description: 5 Producer groups’ (PGs) members and at least 26 PG group member farmers from Shirak, Gegharkunik, Lori and Aragatsotn regions

Beneficiaries Description: 26 potential Farmer Cooperatives (FC) and at least 250 farmers

Beneficiaries Description: 36 schoolchildren ages 12-18 from Stepanavan Lori region and 16 university students, graduates, engineers ages 19-55 from Stepanavan Lori region

Beneficiaries Description: About 285 refugee families from Syria 

Beneficiaries Description: 20 refugee artisans (mostly Syrian)

Beneficiaries Description: 26 potential Farmer Cooperatives (FC) and at least 250 farmers

Beneficiaries Description: Direct beneficiaries of the project are 11,382 community members living in Vardenis region.

Beneficiaries Description: 30 potential young entrepreneurs from Gegharkunik and Lori  marzes of Armenia

Beneficiaries Description: Talin Dolls, Vardenis Sewing, Margahovit Wood, and Spitak Bags handicraft projects with about 45 artisan women and business managers. The indirect beneficiaries are the families of the women. 

Beneficiaries Description: 26 potential Farmer Cooperatives (FC) and at least 250 farmers

Beneficiaries Description: Direct beneficiaries are 80 farmer cooperatives and its members from all around Armenia. Indirect beneficiaries are around 5 000 guests of festival

Beneficiaries Description: Direct beneficiaries are 24 members of "Aregnadem" Agricultural Consumer Cooperative, indirect beneficiaries are 488 inhabitants of Aregnadem village

Beneficiaries Description: The target group of the festivals are all the people of Arpeni, Vardenis and Shamshadin regions

Beneficiaries Description: 26 potential Farmer Cooperatives (FC) and at least 300 farmers

Beneficiaries Description: 20 potential SMEs and Farmers of Meghri region

Beneficiaries Description: 20 potential Farmer Cooperatives (FC) and in average 25 farmers per cooperative, in total about 500 farmers from Armavir, Ararat, Vayots Dzor and Aragatsotn marzes

Beneficiaries Description: All the people of Shamshadin

Beneficiaries Description: Goris Women’s Development Resource Center Foundation’s (GWDRCF) beneficiaries - 63 women doing business activities

Beneficiaries Description: 20 potential Farmer Cooperatives (FC) and in average 25 farmers per cooperative, in total about 500 farmers from Armavir, Ararat, Vayots Dzor and Aragatsotn marzes.

Beneficiaries Description: Direct beneficiaries are 18-20 people from Berd and neighboring communities, who are willing to operate B&B and other hospitality services in the region.   Indirect beneficiaries will be tourists visiting Berd and staying overnight.

Beneficiaries Description: One advanced farmer from Arevik village and one from Aratashen village

Beneficiaries Description: Berd Women Resource Center (BWRC) Foundation’s staff and 30 beneficiaries, mostly women doing business activities (making Teddy Bears). 

Beneficiaries Description: Berd Women Resource Center (BWRC) Foundation’s staff and beneficiaries, mostly women doing business activities (making Teddy Bears)

Beneficiaries Description: 22 Farmer Cooperatives (FC) and in average 36 farmers per cooperative, in total about 800 farmers from Armavir, Ararat, Vayots Dzor and Aragatsotn marzes.

Beneficiaries Description: Farmers of Armavir and Ararat marzes

Beneficiaries Description: About 350 farmers from 8 agricultural farmers’ cooperatives and their families.

Beneficiaries description: 21 FAA member FOs with 975 member farmers from Yerevan and Armavir, Ararat, Vayots Dzor, Aragatsotn and Lori marzes.

Beneficiaries Description: About 500 farmers from 10 cooperatives

Beneficiaries Description: 20 FAA member FOs with 683 member farmers from Yerevan and Armavir, Ararat, Vayots Dzor, Aragatsotn and Lori marzes.

Beneficiaries Description: 12 member farmers of Arevik Agricultural Cooperative, member of Federation of Agricultural Associations (FAA)

Beneficiaries Description: 42 member farmers of Getashen Agricultural Cooperative, member of Federation of Agricultural Associations (FAA)

Beneficiaries Description: 33 member farmers of Janfida Agricultural Cooperative, member of Federation of Agricultural Associations (FAA)

Beneficiaries description: 58 member farmers of Hovtashat Agricultural Cooperative, member of Federation of Agricultural Associations (FAA)

Beneficiaries Description: 35 member farmers of Getashen Agricultural Cooperative, member of Federation of Agricultural Associations (FAA)

Beneficiaries Description: 16 FAA member FOs with 700 member farmers from Yerevan and Armavir, Ararat, Vayots Dzor, Aragatsotn and Lori marzes.

Beneficiaries Description: The direct beneficiaries of the project are 70 farmer members of Janfida Ag. Coop.

Beneficiaries Description: The main beneficiaries of the project are the 35 members of Arevik Ag.Coop

Beneficiaries Description: The beneficiaries of project are 36 members of Himnakar Ag. Coop.

Beneficiaries Description: 42 members of Lukashin Ag. Coop

Beneficiaries Description: 45 members of Nairi Ag. Coop. 19 of which are women

Beneficiaries Description: 19 FAA member FOs with 1250 member farmers from Yerevan and Armavir, Ararat and Vayots Dzor marzes.

Beneficiaries Description: Small-plot agricultural producers of Syunik marz

Beneficiaries Description: At least 15 FAA member FOs with 1,000 member farmers from Yerevan and Armavir, Ararat and Vayots Dzor marzes.