Funded

Total loan: $2,725
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Vaghinak

Armenia
Vanadzor, Armenia / Shoe Sales

A loan of $2,725 helped to buy shoe lasts, soles, leather and imitation leather for his shoe production.


Vaghinak's story

Vaghinak is 37 years old. He lives in Vanadzor city with his wife and three children: two school-aged daughters and a three-year-old son. Vaghinak manages his own business, which consists of selling men’s shoes. Recently he has started to produce shoes by himself and now he sells not only purchased shoes, but also he sells and distributes to other sellers, shoes which he makes by himself.

Vaghinak makes shoes to order as well. With the income from his business, Vaghinak is able to solve his family's needs. Vaghinak is asking for a 1,000,000 AMD loan to buy shoe lasts, soles, leather and imitation leather for his shoe production. This is Vaghinak’s 5th loan from Nor Horizon and his second one from Kiva.



Loan details

Loan length:

26 months
Disbursed date: July 12, 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: July 12, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company