Vahe Arakelyan


Status: Paying Back

$3,000.00   Loan Amount
2% repaid

About the Entrepreneur

Name: Vahe Arakelyan
Location: Yerevan, Armenia
Activity: Arts

About the Loan

Loan Amount: $3,000.00
Loan Use: Making a set of jewelry, which contains a ring, earrings and a bangle.
Repayment Term: 38 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 9, 2009
Date Disbursed: Aug 28, 2009
Date Funded:Sep 12, 2009

About the Country

Country:Armenia
Avg Annual Income:$6,400.00
Currency:United States Dollars (USD)



Vahe Arakelyan is 33 years old, and was born in Yerevan. He has graduated from the State Engineering University of Armenia, Machine Building Economy Department. After graduation he worked in a hothouse as an economist. Vahe is married and his wife is a manager in a travel agency.


Six years ago he began his business, which consists of adornment production of precious metals. He rents a place in a jewelry trade market. Vahe needs $3,000 to fulfill an order for one of his clients, a set of jewelry which contains a ring, earrings and a bangle.


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Journal entries for Vahe Arakelyan


Loan has been disbursed
 
Entrepreneur: Vahe Arakelyan
Location: Yerevan, Armenia

Thank you for your loan. It has been disbursed to Vahe Arakelyan by “Nor Horizon” Universal Credit Organization Limited Liability Company in Armenia. We are excited to watch this business grow. Over the 36 months of this loan, “Nor Horizon” Universal Credit Organization Limited Liability Company will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Yerevan, Armenia
Sep 13, 2009
Comments (1)

Update for Vahe Arakelyan's business
 
Entrepreneur: Vahe Arakelyan
Location: Yerevan, Armenia

Vahe Arakelyan has used his Kiva loan to buy 5 ring’s and earring’s template, which costs are from $150 to $200 against of model. Remaining part of the loan he spent for buying gold. Vahe hopes to buy new equipment for his business by future income. In the photo you can see Vahe making his first repayment at the Nor Horizon office in Yerevan.


Posted by Yana Sargsyan from Yerevan, Armenia
Oct 1, 2009
Comment on this entry

Kiva Help Repayment Schedule for Vahe Arakelyan

  Expected Repayments Actual Repayments Comments
December 2009 $83.30 $84.00 Repayment Received
January 2010 $83.30 Available Jan 1  
February 2010 $83.30 Available Feb 1  
March 2010 $83.30 Available Mar 1  
April 2010 $83.30 Available Apr 1  
May 2010 $83.30 Available May 1  
June 2010 $83.30 Available Jun 1  
July 2010 $83.30 Available Jul 1  
August 2010 $83.30 Available Aug 1  
September 2010 $83.30 Available Sep 1  
October 2010 $83.30 Available Oct 1  
November 2010 $83.30 Available Nov 1  
December 2010 $83.30 Available Dec 1  
January 2011 $83.30 Available Jan 1  
February 2011 $83.30 Available Feb 1  
March 2011 $83.30 Available Mar 1  
April 2011 $83.30 Available Apr 1  
May 2011 $83.30 Available May 1  
June 2011 $83.30 Available Jun 1  
July 2011 $83.30 Available Jul 1  
August 2011 $83.30 Available Aug 1  
September 2011 $83.30 Available Sep 1  
October 2011 $83.30 Available Oct 1  
November 2011 $83.30 Available Nov 1  
December 2011 $83.30 Available Dec 1  
January 2012 $83.30 Available Jan 1  
February 2012 $83.30 Available Feb 1  
March 2012 $83.30 Available Mar 1  
April 2012 $83.30 Available Apr 1  
May 2012 $83.30 Available May 1  
June 2012 $83.30 Available Jun 1  
July 2012 $83.30 Available Jul 1  
August 2012 $83.30 Available Aug 1  
September 2012 $83.30 Available Sep 1  
October 2012 $167.80 Available Oct 1