A loan of $2,650 helped to buy new products for Christmas and New Year sales.

Yurik's story

Yurik is 51 years old. He was born and lives in the town of Kapan. He has higher education and graduated from the Pedagogical Institute of Yerevan. In 1988 he got married and now lives with his wife. He has a 22 year old son who is now serving in the army. His daughter is nineteen and she is studying in her junior year at the Yerevan Institute of Linguistics with specialty as a teacher of foreign languages. Yurik's wife works in the military recruitment office in the town of Kapan.

Yurik has been in the distribution business since 2006. He has a contract with a firm which manufactures natural juices, ice cream, cookies, confections, meat products, cutlets and etc. Yurik buys all these products and juices in wholesale, delivers them from Yerevan and then sells them in wholesale to the stores in towns of Kapan, Kadjaran, Agarak and Mergi. Yurik has storage and refrigerators in his house for the business.

Yurik works almost without any days off and already has many regular customers in these towns who for many years prefer to buy in wholesale what Yurik brings from Yerevan and then sell in their own stores. Thanks to the profit from his business Yurik can support his family and pay for his daughter's education. Yurik needs a loan in the amount of 1,000,000 Armenian dram to buy new products for the New Year and Christmas sales.

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Translated from Russian by Kiva volunteer Elena Fedorchuk

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