A loan of $2,000 helped ordering parts for his lint rollers.

Andranik's story

Andranik G. has been living in Germany for the last 15 years. A year ago he returned to Armenia to attend his father’s funeral and decided to stay in Armenia. Andranik decided to start production of cleaning lint rollers for clothing and soft upholstery. Some parts for the rollers come from China, and the others are ordered locally.

At first Andranik was using pure ABS plastic material for the stamped parts. Then he started using recycled material, which is much cheaper and increased the profit margin to 60%. Andranik delivers the rollers to more than 30 stores. The highest demand for the rollers is during late autumn and winter, when people wear woolen clothing. Andranik has applied for the loan to order some roll parts from China, to receive the goods in 2-3 weeks and start the production before the peak season.

Loan details

Lenders and lending teams

Loan details