Coping with the Unexpected: The Experience of ACBA Leasing in Armenia

This microNOTE discusses some of the challenges that might be encountered in trying to establish a leasing company. The experience of the start-up and growth of the ACBA Leasing Company in Armenia is a good example of how elements at all levels of development—the micro or firm/financial institution level; the meso or enabling institution level; and the macro or legal and regulatory environment level—must be addressed for a successful outcome in establishing leasing to support agriculture and agribusiness.

This microNOTE is based on a presentation given at the USAID Broadening Access and Strengthening Input Market Systems (BASIS) Rural and Agricultural Finance Workshop held in Kyiv, Ukraine, in July 2006.