Funded

Total loan: $2,650
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Armen

Armenia
Kapan, Armenia / Furniture Making

A loan of $2,650 helped to buy a lot of raw materials for producing upholstered furniture and kitchen furniture.


Armen's story

Armen is still engaged in furniture production in his basement that has been converted into a workshop. He rents a small furniture shop in his town, where he sells furniture that he produced.

This is Armen’s second loan from Nor Horizon and second deal with Kiva. The previous one helped him to enlarge his furniture production and to add to the number of furniture assortments. He started to produce sofas and armchairs in his workshop. It was new for him, but he overcame all the difficulties and during six months became able to produce high quality upholstered furniture. He has a lot of clients and orders from them because they prefer to buy Armen’s handmade furniture.

Armen asks from Kiva a loan to buy a lot of raw materials for producing upholstered furniture and kitchen furniture. He hopes to make all his orders on time with Kiva lenders' support.



Loan details

Loan length:

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

Lenders and lending teams



Loan details

Loan length:

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