A loan of $3,000 helped increasing his working capital.


Hovhannes's story

Hovhannes H. lives in Gyumri City, one of the oldest and most beautiful cities of Armenia that was affected by a devastating and destructive earthquake in 1987. The people of Gyumri have been largely affected by the earthquake and most are still struggling to survive.

Hovhannes has extensive experience in trading in unmounted construction materials. He buys the small, old, dilapidated huts that were given to earthquake survivors as temporary housing after the earthquake. His customers are happy to sell those huts to him, following their move to a new apartment.

Hovhannes has applied for the loan to be able to increase his working capital.



Loan details


Lenders and lending teams



Loan details