Funded

Total loan: $2,175
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Samvel

Armenia
Vanadzor, Armenia / Clothing Sales

A loan of $2,175 helped to buy an assortment of new spring/summer women's clothes from Yerevan to resell.


Samvel's story

Samvel is still engaged in clothing. He has more than 16 years experience in this occupation.

He wants to take a loan from Kiva for the second time, as the first loan he has taken helped him very much to develop and enrich his business. In his business Samvel’s wife helps him very much. She also works in the local school as a teacher.

As usual, all the needed clothes for selling Samvel brings from Yerevan wholesale markets, transporting them by rented car. During his long time in the trading business, Samvel has gained a lot of regular clients who prefer to buy women clothes from Samvel’s stall, as his merchandise is always renewed and more available for people who have low income. Thanks to his trading Samvel is able to meet his family needs and pay for his daughter’s training courses.

Samvel needs a loan amount 900,000 Armenian drams to buy an assortment of new spring/summer women's clothes from Yerevan to resell in his stall in Vanadzor. Samvel hopes that this loan would have the same success as the last one did.



Loan details

Loan length:

26 months
Disbursed date: April 15, 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: April 15, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company