A loan of $2,425 helped to buy wood and woodworking machine for his business.

Samvel's story

Samvel is 33 years old. He lives in the town of Ijevan. After completing military service, he got married and now has two children - a boy and a girl, both of whom attend a secondary school. Samvel's wife is a homemaker. Samvel has been leasing a shop since 1999, where he has been involved in processing wood. He buys wood from the Ijevan forestry and uses it to make parquet flooring, box details, floor plinths and also fills private orders. Samvel sells his products in Ijevan, Yerevan and also sells them to his loyal customers from Hoktemberyan and Echmiadzin districts. Thanks to this business, Samvel is able to provide for his family. He needs a loan in the sum of 900 000 dram to buy an inventory of wood and a woodworking machine. This is Samvel's fourth loan from the Nor Horizon organization, and he has never been late on loan repayments.

Translated from Russian by Kiva volunteer Anna Sorokina-Hailey

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Loan details