A loan of $2,475 helped to buy a large assortment of household goods, statues, candles, decorative lamps, etc., for resale, which will increase his business income.


Gevorg's story

Gevorg is 30 years old and lives in Vanadzor city with his wife, newborn child and parents. Gevorg's father is a driver and uses his minibus to transport passengers, and he shares their family's expenses with Gevorg. Gevorg is engaged in the trading of household goods. He rents a small shop in Vanadzor city which he has comfortably furnished and where he sells hairdryers, irons, food processors, blenders, toasters, electric kettles and different kitchen sets. Gevorg buys the merchandise from wholesale centers in Yerevan and transports them to his shop for resale. Gevorg has been engaged in this occupation for more than 5 years. His business is very profitable as the shop is situated in a remote place of Vanadzor city. Gevorg himself is very pleased. Such activity brings him more revenue, and he hopes to expand his business.

Gevorg decided to run a new stall in his shop for the resale of household goods, and he hopes to receive a good profit from that activity because of the spring holidays in Armenia.

Gevorg needs a loan of 1,000,000 Armenian Dram to buy a large assortment of household goods, statues, candles, decorative lamps, etc. for resale, which will increase his business income.



Loan details


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Loan details