A loan of $3,000 helped to purchase bakery equipment.


Gurgen's story

Gurgen is a life long resident of Gyumri, located in the Shirak region of Armenia. He is a widower and he has no children. Gurgen has a high school education and has been running a small bakery for the past four years. Previously, he had been employed as a cook.

Microfinance has enabled Gurgen to expand his business. His dream is to diversify his business in to other food processing goods. Gurgen also helps his extended family with his baked goods. He would like a loan to buy equipment in order to expand his production levels. This investment should increase his income by around 25 percent. He really enjoys being a baker and owning his own business.



Loan details


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Loan details