Funded

Total loan: $2,475
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Vaghinak

Armenia
Vanadzor, Armenia / Shoe Sales

A loan of $2,475 helped to buy shoe lasts, soles, leather and imitation leather for his shoe production.


Vaghinak's story

Vaghinak is still engaged in men's shoe production and sales. After loans from Nor Horizon he enlarged his production and the variety of his shoe assortment. He produces men's shoes and sells them in his rented stall in a big Vanadzor market. At the same time he buys shoes from Yerevan wholesale markets and transports them to Vanadzor for resale. In this occupation he has been engaged for more than 10 years.

Vaghinak is the only breadwinner in his big family and it is very hard to support them in a small city like Vanadzor. He saves part of income from his business for his children’s good future. As Vaghinak confessed, his big dream is to see his children as students and after higher education, he hopes that his children will became good specialists.

Now Vaghinak is asking for 1,000,000 Armenian Dram as a loan from Kiva lenders to buy a new range of spring season men's shoes for reselling and leather for his shoe production. This deal will help Vaghinak to increase his business income.



Loan details

Loan length:

26 months
Disbursed date: February 8, 2013
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 8, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company