Funded

Total loan: $850
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Hrachya

Armenia
Karnout, Armenia / Agriculture

A loan of $850 helped to buy fertilizers, fuel and seeds.


Hrachya's story

Hrachya B. is from the village of Karnout in the Shirak region of Armenia. He is a mechanic by training with a high-school education. He is married with two children, a daughter and a son. He is a self-taught farmer engaged in agricultural activities for over 10 years. His private financial means are not sufficient to fund the growth of his business and therefore Hrachya has applied for a business loan. His main business activities include growing vegetables and raising cattle. A loan will enable him to purchase fertilizers, fuel and seeds.

With this business investment Hrachya expects his family income to increase by 5%. In addition, a business loan facilitates his business planning because he knows he has access to financial resources.

Hrachya’s dream is to save enough money to purchase a new home in his village for his family. He particularly enjoys living in Karnout. He has many relatives in Karnout, the air is clean and the village people are friendly and sincere.



Loan details

Loan length:

13 months
Disbursed date: June 10, 2010
Facilitated by Field Partner: AREGAK Universal Credit Organization

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: June 10, 2010
Facilitated by Field Partner: AREGAK Universal Credit Organization