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Andranik
Andranik G. has been living in Germany for the last 15 years. A year ago he returned to Armenia to attend his father’s funeral and decided to stay in Armenia. Andranik decided to start production of cleaning lint rollers for clothing and soft upholstery. Some parts for the rollers come from China, and the others are ordered locally.

At first Andranik was using pure ABS plastic material for the stamped parts. Then he started using recycled material, which is much cheaper and increased the profit margin to 60%. Andranik delivers the rollers to more than 30 stores. The highest demand for the rollers is during late autumn and winter, when people wear woolen clothing. Andranik has applied for the loan to order some roll parts from China, to receive the goods in 2-3 weeks and start the production before the peak season.

Additional Information

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.

About Armenia

  • $6,400
    Average annual income
  • 173
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Andranik ordering parts for his lint rollers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2011