Funded

Total loan: $2,325
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Vaghinak

Armenia
Vanadzor, Armenia / Fruits & Vegetables

A loan of $2,325 helped to buy a large lot of potatoes, pears, apples and citrus to resell.


Vaghinak's story

Vaghinak, who loves in Vanadzor, is 42 years old. He is married and has two school-aged children: a son and a daughter. Vaghinak’s wife doesn’t work as she stays at home and takes care of their children.

Vaghinak has been running his own business for 10 years. He rents a stall at the central food market where he sells fruits and vegetables. Several times a month, Vaghinak rents a car and goes to Ararat region and to Georgia to buy fruits and vegetables for his business. Profit from the business allows Vaghinak to support his family. This is Vaghinak’s third loan from Nor Horizon and he always does his loan repayments according to his schedule. Now he needs a 900.000 AMD loan to buy a large lot of potatoes, pears, apples and citrus to resell.



Loan details

Loan length:

26 months
Disbursed date: February 29, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: February 29, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company