Funded

Total loan: $1,000
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Samvel

Armenia
Arevshat, Armenia / Farming

A loan of $1,000 helped fertilizers.


Samvel's story

Samvel M. is from the village of Arevshat in the Shirak region of Armenia. He is an honest hardworking person with 20 years of experience in farming. Samvel is married with three children. He has two daughters (10 and 11 years old) and a 7-year-old son.

Samvel wishes some day to save enough funds to renovate the family house. He is seeking a loan to purchase fertilizers to expand his vegetable growing business. With the loan, Samvel expect to increase the family income by 25%. Both Samvel and his wife like living in Arevshat because they are close to all their friends and extended family. In addition to supporting his family, Samvel also helps his sick aunt with vegetables grown on his farm. He expects success in his business due to his skills and the good quality of his farmland.



Loan details

Loan length:

15 months
Disbursed date: July 15, 2010
Facilitated by Field Partner: AREGAK Universal Credit Organization

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: July 15, 2010
Facilitated by Field Partner: AREGAK Universal Credit Organization