A loan of $2,475 helped to buy car tires and start to sell them also which will help him to receive a good profit and in this way he will manage to pay for his daughter’s tuition fee.


Armen's story

Armen is 41 years old and he lives in Spitak city which is in the Lori region. He is married and he has two children; his daughter is a student who in the future will have a specialty as an educator, and his son is still school-aged. His wife works at the post office.

Armen has a business of his own; in a rented shop he sells a great range of car parts. His shop is very popular in his district, because of his shop’s great assortment and low prices. He has been running his business for ten years, and during those years the number of his loyal customers has grown.

He asks for a loan of 1,000,000 Armenian drams in order to buy car tires and start to sell them also. He hopes that in this way he will manage to pay for his daughter’s tuition fee and provide his family with better living conditions.



Loan details


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Loan details