A loan of $2,400 helped to buy worn out cars and repair them, to resell.

Norayr's story

Norayr lives in Kapan, with his wife and three children. He repairs cars, and his specialty is body work. Now he does his work in a small, rented garage. He also has an apprentice, to whom he teaches all the skills of auto body work. His wife is unemployed, so Norayr's is the only income for their family. The family's needs are far more than the monthly income from his work.

Norayr is so skilled in his work that he buys worn out, old cars and manages to repair, paint, and sell them at convenient prices. He also offers car washing services. Norayr works very hard and without taking off any weekends, but nevertheless his family is short of money. He asks a loan of 1,000,000 Armenian drams. He will use the loan to buy old cars, which he will repair and resell later, for profitable prices.

Loan details

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Loan details