Funded

Total loan: $875
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Telman

Armenia
Karnout, Armenia / Agriculture

A loan of $875 helped to buy fertilizer.


Telman's story

Telman V. is from the village of Karnout in the Shirak region of Armenia. He is married with four children. Telman has two daughters (ages 20 and 22) and two sons (ages 25 and 28). He has been engaged in agricultural production for the past 20 years. He considers himself a hard worker and has developed a successful business raising cattle and growing vegetables. He dreams to create a wholesale agricultural production farm to service the big cities someday. Currently Telman is seeking a loan to grow his small vegetable business by purchasing fertilizer. He is expecting his income to increase by 10% with the loan. He and his family really enjoy life in Karnout and, with continued business success, plan to permanently live here. With the loan terms he has received he is optimistic his business plan will succeed.



Loan details

Loan length:

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

Lenders and lending teams



Loan details

Loan length:

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