Armenia is a small mountainous country in the Caucasus region. As a result of the collapse of the former Soviet Union in 1991, Armenia experienced (the) a deep economic crisis, overburdened by a destructive earthquake in 1988 and consequences of Nagorno-Karabakh war conflict with Azerbaijan. Trying conditions, including high unemployment rate, migration and wide poverty, multiplied Armenia's difficulties in overcoming the transition period, making it complicated and drawn out.
Micro entrepreneurship, by virtue of easier creation and small initial investments, became the only means of survival for thousands of families in the country. Keeping businesses like small-scale trade, barter, retail, sewing, shoe tailoring, backing and other small productions or services salons, mostly organized by family members or friends, increased the opportunities of income for those with limited access to jobs in the formal sector. Although micro entrepreneurship was spreading, in most areas micro entrepreneurs overwhelmingly reported that their main constraint in business was a lack of access to credit. The poor do not have proper access to commercial credit or other formal financial services. Additionally, the recent history of bank failures and currency fluctuations has made Armenians leery of doing business with a formal institution. This lack of credit and capital prevents the population from developing their businesses, increasing incomes and in that way escaping the cycle of poverty.

Provide long-term, accessible financial and non-financial services to micro and small-entepreneurs and to vulnerable families to improve their well-being.

To become Armenia's leading national microfinance institution providing sustained access to credit, savings and other financial and non-financial services to micro-entrepreneurs in under-served rural and urban markets.

MDF-Kamurj adheres to the principles of excellence and professionalism in all spheres of performance. Customer satisfaction is set up as a corner stone of operating. It is MDF-Kamurj's belief that learning and continued improvement, mutual support, accountability and teamwork are the keys to success. Maintaining solid relationships and demonstrating transparency are major stems in working with clients as well as partner and donor organizations.

MDF-Kamurj's successful strategy for dealing with competition has greatly enhanced its reputation, resulting in large demand for its services. MDF-Kamurj is targeting to reach 16,600 active clients by  2009 and has the institutional capacity of utilizing additional funding to meet its long-term objectives.