Funded

Total loan: $2,400
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Khariton

Armenia
Sevan, Armenia / Wholesale

A loan of $2,400 helped to buy a large batch of coffee, pasta products, confectionery, sugar for wholesale resale in Sevan city.


Khariton's story

Khariton is a young accountant who continues to sell groceries and produce in Sevan. Khariton's previous loan with KIVA allowed him to resell a large batch of sweets, juices, coffee and other groceries. He made a tidy profit from that venture which he invested in expanding his inventory and his business. At the beginning of the year Khariton stopped renting his store space and now rents a warehouse and sells groceries in bulk to other grocery stores. He purchases his inventory once a week from warehouses in Yerevan, transports all the purchases in his warehouse in Sevan then delivers them to grocery stores in Sevan area. To expand his whole sale business Khariton needs to borrow 1,000,000 Armenian drahm which he will use to purchase shipments of coffee, pasta and confectioneries as well as sugar for resale in Sevan.

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Loan details

Loan length:

14 months
Disbursed date: March 20, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: March 20, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company