A loan of $2,575 helped to buy a used truck in order to repair, paint and sell it.

Armen's story

Armen has been involved in repairing and painting cars for 20 years. He leases a space, which he remodeled to serve as an auto repair shop. Armen buys old cars, fixes and paints them and then sells them. He also accepts individual orders for auto repairs and painting. Armen lived in Russia for several years and was involved in the same business there. He brought all of the necessary equipment for his business from Russia and currently continues his business in Armenia. Thanks to the profits from the business, Armen purchased a truck, with the help of which he transports essential spare parts for his business. Armen is 42 years old. He lives in the city of Kapan. He is married and has two daughters, who attend school. Armen's parents also live with him. Thanks to his business, Armen provides for his family. He had previously obtained a loan from Nor Horizon and currently needs 1,000,000 dram to purchase a small used truck. He plans to repair and paint this vehicle and then resell it.

Translated from Russian by Kiva volunteer Anna Sorokina-Hailey

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