Funded

Total loan: $3,000
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Babken

Armenia
Sevan, Armenia / Food Production/Sales

A loan of $3,000 helped for wholesale purchase of flour.


Babken's story

Babken H. is 22 years old. He lives in the village of Ddmashen near the town of Sevan with his parents and his two sisters. One sister is school-aged, and the other is jobless. Babken’s mother teaches biology in a Ddmashen school, and his father helps Babken in the business.

Babken studies in the Correspondence Courses at the Teachers-training College in Yerevan. Parallel to studying he has his own business, which consists of lavash (Armenian bread) production and sales. The bakery is in the family’s private house. Babken and his father have been running this business for five years, and they now employ a staff of two.

Babken needs US$ 3,000 for wholesale purchase of flour. Babken wants to use one part of the flour in his business and the other part he wants to resell. With the income for his business, Babken hopes to increase his sales and pay for his studies.



Loan details

Loan length:

38 months
Disbursed date: October 15, 2009
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

38 months
Disbursed date: October 15, 2009
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company