A loan of $625 helped to pay for new winter tires for his truck for safer transportation of stone.

Hrach's story

Meet again Hrach. Hrach is from Armavir. He lives there with his elderly, retired mother, wife, and two school-age children. He is involved in construction supplies trade. Using his own truck, he trades in construction materials (stones and sand) in Yerevan. As the only breadwinner in the family, Hrach works hard to gather enough income to cover basic needs.

The truck, which he uses in his work, is very old (Soviet production) and do needs new tires. This loan he, has applied for, will allow Hrach to sustain his business. He needs this money to pay for new winter tires for the truck to safer organize the stone trade he is engaged in. This program provides business start-up loans with soft conditions to informal businesses that do not have access to credit products, and this loan is going to leave huge impact on his family's well-being.

This loan is special because:

It supports informal business owners that have fewer opportunities.

Loan details

Lenders and lending teams

Loan details