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A loan of $3,000 helped to pay for equipment and installation and 1,000 bags of mushroom seeds.

Gevorg's story

Gevorg is a 26-year-old entrepreneur from Yerevan. Gevorg is cultivating pleurotus mushrooms in rented premises. He started this business 6 years ago. There is high demand for mushrooms in the market and hence the business is profitable. Currently, Gevorg is harvesting up to 500kg monthly. The premises (170 sq.m.) that he is occupying today are not large enough for the business's further development. Gevorg has already signed a new rent agreement for another premise, which is twice as big. Another advantage is that the new one is in a deep basement, where it is much cheaper to provide the needed temperature and humidity for mushrooms cultivation. Gevorg plans to use this loan to purchase necessary equipment to grow mushrooms and install it. He also plans to purchase 1,000 bags of mushroom seeds to grow in the new premises.
Gevorg lives with his mother. Gevorg's father died several years ago. Gevorg plans to provide himself with everything necessary in order to be ready for marriage. Development of the business is important for him to implement this goal.

Loan details

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Loan details