Total loan: $3,000
Vanadzor, Lori Province, Armenia / Retail
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A loan helped to increase his jewelry inventory to resell.
Arshaluys is 59 years old and lives with his wife in Vanadzor city. He has a high education in engineering. For a long time, Arshaluys worked in the construction sphere, but as because of the low salary he decided to change his job. For about 8 years, Arshaluys has been engaged in the trade of gold jewelry. He buys gold jewelry from Yerevan's wholesale gold markets and resells it in his rented stall in Vanadzor Gold Market. Arshaluys has a son who lives and works in the Russian Federation with his wife and newborn son. Arshaluys's son often helps his parents in Armenia to relieve his parents monthly expenses. Arshaluys’s new activity lets him to supply his family's needs much better than the last one in construction. Arshaluys is asking for a loan of 3,000 USD from Kiva to increase his jewelry inventory. The new loan will help Arshaluys to develop his business.