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Made in Germany

Armenia - Loans for a better future

Getting a loan in Armenia means entering a bureaucratic jungle. But ProCredit Bank is changing that. It is partly funded by Germany's state-owned development bank, KfW Bank. The aim is to give loans to small and medium-size enterprises in Armenia. Businesses like the bakery run by the Schaverdyan family are now benefitting from funds to modernize operations or bring new ideas to life.

Watch video 04:38
Report by Linda Vierecke.