Funded

Total loan: $1,400
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Hakob

Armenia
Sevan, Armenia / Food Stall

A loan of $1,400 helped to begin trading household goods in his stall.


Hakob's story

Hakob S. is 55 years old. He lives in the village of Varser in the Sevan area with his wife and two children. Hakob’s wife is a teacher in a village school; his son and his daughter are students. Hakob is a radio technician, and for about 17 years he worked in this field. Since 2007, Hakob has rented a stall and managed his own food-trading business. With his business’s income, Hakob supports his family and pays for his children's education.

In his stall he sells candy, beverages, food, canned food, tea, coffee, etc. In advance of the New Year holidays, Hakob intends to increase his business. Therefore, he is asking for a 500,000-Armenian-dram loan to begin trading household goods in his stall.



Loan details

Loan length:

14 months
Disbursed date: November 29, 2010
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: November 29, 2010
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company