Funded

Total loan: $2,725
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Armen

Armenia
Kapan, Armenia / Sewing

A loan of $2,725 helped to buy raw material (fabric, thread, buttons, soles, leather, etc.) for clothing manufacture.


Armen's story

Armen as born in 1964 in Kadzharan. He finished Davit-Bek school and them graduated from the Erevan Polytechnic Institute and an engineer-mechanic. He is married and has a son and daughter. His wife works with Armen in their tailoring shop. His son is an insurance agent and their daughter studies without a scholarship in her fifth year at Erevan Pedagological University. He has been in business since 1998. He manufactures specialized work clothes, shoes, work gloves. He delivers his goods to eight enterprises in Kapan and Kadzharan. Armen spends his income on supporting his family and paying for his daughter's education. He is taking out a loan of 1,000,000 drams to buy raw materials: fabric, thread, buttons, soles, leather, etc. This will be Armen's eleventh loan from Nor Orizon.

Translator profile picture

Translated from Russian by Kiva volunteer Melissa Kniazeva



Loan details

Loan length:

26 months
Disbursed date: July 19, 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 19, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company