Funded

Total loan: $2,675
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Karen

Armenia
Kapan, Armenia / Goods Distribution

A loan of $2,675 helped to increase his food shop's assortment and to buy a large lot of ice cream for his business.


Karen's story

Karen was born in 1973 in Kapan. He is married and has a son and a daughter. Karen’s wife stays at home and takes care of their children. For the past 12 years, Karen has been managing his own food shop. Also, he has a contract with one of the Armenian ice cream factories, and he distributes ice cream to different cities in the Syunik region. Thanks to profit from his food shop, Karen has been able to buy a truck, which he uses for his shop’s needs and to deliver ice cream to different cities.

Karen’s profit allows him to support his family and he hopes to develop his food shop in the future. He is seeking a 1,000,000 dram loan to increase his food shop's assortment and to buy a large lot of ice cream for his business.



Loan details

Loan length:

26 months
Disbursed date: June 15, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 15, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company