A loan helped to pay for new machinery for cement block production, to meet ever-growing demand as their business expands even more.

Narine's story

This bright lady is Narine, an inspiring entrepreneur from Armavir town. She lives with her husband and two grown-up children; Seda (23) and Narek (21). All her life Narine wanted to have her own business as she likes to take risks and wants to realize her creative ideas.

Currently Narine and her family own a cement block producing business, the products of which you can see in the picture. All management decisions are on Narine. She really puts all her time and efforts on this business as it is the main income source for them, and her lovely family help her in the realization of plans.

As the family wanted to make the business more productive Narine applied for a financial assistance. They will be able to pay for a new special machine and therefore increase the efficiency of the business. As a result they will meet the ever-growing demand for the products and increase the income from sales.

Narine and her family are full of hope for a better and sustainable future and are now confident to chase new and bigger projects.

This loan is special because:

It supports informal business owners that have fewer opportunities.

Loan details

Lenders and lending teams

Loan details