Funded

Total loan: $750
Powered by 21 lenders

Samvel

Armenia
Kapan, Armenia / Manufacturing

A loan of $750 helped to buy cement and sand for his manufacturing.


Samvel's story

Samvel was born and raised in Kapan, in the Syunik region. He graduated the State Engineering University of Armenia with a degree in cybernetics and later worked as an engineer in Kapan for many years. In 2002, he started a business producing construction materials. For 10 years, he's rented a building in Kapan where he makes various concrete paving stones used in sidewalks. His family helps him run the business.

Samvel is 53 years old. He's married and he has two children. His business enables him to provide for his family, pay for his son's education and support his own pensioner parents.

Samvel is asking for a loan of 300,000 Armenian drams in order to purchase cement and sand. These materials will allow him to fulfill a very profitable large order placed by the regional municipality.

Translated from Russian by Kiva volunteer Alex Kostrubsky



Loan details

Loan length:

16 months
Disbursed date: February 5, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

16 months
Disbursed date: February 5, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company