Funded

Total loan: $2,650
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Varditer

Armenia
Yerevan, Armenia / Food Production/Sales

A loan of $2,650 helped to buy a new oven and to buy walnuts, flour and sugar supplies, for her confectionery production.


Varditer's story

Varditer is a 28-year-old business lady with a very old and nice name which, translated, means “petals of roses.’’ She lives with her husband and her husband’s parents, in Yerevan. Varditer has a higher education; she is qualified to be a marketing manager. Before her marriage, Varditer worked as a marketing manager, and at the same time she engaged in confectionery production at her parents' house. Varditer likes the latter occupation and does it with great pleasure.

She married recently, and soon she will become a mother. Varditer continues to produce eastern confections, Armenian traditional sweets, and candies. She sells them to grocery markets in Yerevan. She has a lot of customers, and they prefer to buy candies and sweets from Varditer because her products have specific flavors and aromas, and they're made following old Armenian and eastern recipes. During maternity leave, Varditer decided to continue her candy production. She hopes to help her husband to meet their newly-created family's needs, and to save some money for her newborn child. Consequently, Varditer needs a loan, which she will use to buy a new oven and to buy walnuts, flour and sugar supplies, for her confectionery production.



Loan details

Loan length:

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

Lenders and lending teams



Loan details

Loan length:

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