A loan of $2,475 helped to buy a bigger car for his business.

Garnik's story

Garnik T. was born in 1951 and is a retired military man. He lives in Sevkar village, Ijevan area, with his wife and they have three children, all of whom are married and live separately from their parents.

Since 2006, Garnik and his wife have been engaged in selling fruits and vegetable and, since 1995, they have been running a whitener trading business as well. Thanks to incomes from their business they have supported their family, bought necessary furniture for their home, and bought a car which they use to deliver their merchandise to the different villages where they distribute their goods.

Garnik asks for a 900,000 Armenian Dram loan to buy a bigger car for his business, which will allow him to increase his trading and to distribute more merchandize to villages' shops. After buying a new car, Garnik will sell his old car and will invest the proceeds in his business.

Loan details

Lenders and lending teams

Loan details