Funded

Total loan: $1,050
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Harutyun

Armenia
Vanadzor, Armenia / Auto Repair

A loan of $1,050 helped to purchase a car.


Harutyun's story

Harutyun is 38 years old. He is married and has three small sons. Harutyun and his family live in Vanadzor. His wife stays at home and takes care of the children.

Harutyun has been running his own business for five years. He rents a garage, which he uses as a workshop where he repairs cars. He buys all the required equipment, tools and spare parts for his business from Yerevan and he also imports from Georgia. Harutyun works very hard and thanks to his business, he is able to provide for his young large family. During the last years, Harutyun collected some money to buy a car, which he will use to import necessary tools and spare parts for his business. He says the collected money is not enough to buy a required car so he is seeking a 400.000 AMD loan to complete the purchase of the car. The car will allow him to reduce the costs of his business and increase his family’s income.



Loan details

Loan length:

20 months
Disbursed date: February 28, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: February 28, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company