Funded

Total loan: $1,950
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Mikayel

Armenia
Lori region, Armenia / Agriculture

A loan of $1,950 helped to purchase more bees and to repair the road which leads to the entrance of his house and the house's balcony.


Mikayel's story

Mikayel is 28 years old, and he lives in the city of Spitak, which is in the Lori region. Mikayel has graduated from Yerevan State Agricultural University, the department of Agricultural Economics. Mikayel is married, and he lives with his wife, mother and newborn son in a very nice house. His father is in the Russian Federation working abroad. Mikayel works at the bank as a jeweler and at the same time he is seriously engaged in bee keeping. Right near his house he has a small space where he has placed his fifteen beehives. With the profit from his beekeeping, Mikayel meets his family's needs.

Mikayel asks for a loan of 800,000 Armenian drams to add to the number of beehives and to repair the road which leads to the entrance of his house and to repair their house's balcony.



Loan details

Loan length:

32 months
Disbursed date: August 23, 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: August 23, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company