Funded

Total loan: $1,250
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Karen

Armenia
Ijevan, Armenia / Retail

A loan of $1,250 helped to buy a new, more powerful coffee grinder and some new assortments of flowers to sell.


Karen's story

Karen is 29 years old and he lives in Ijevan in Tavush region. Karen has his own business; he sells flowers and bouquets made of it and he also has a coffee grinder and he also sells ground coffee. He buys the flowers for bouquets every other day at the local wholesale flower market and he goes there very early in the morning in order to manage to buy nice, fresh and not very expensive flowers. In all ,Karen is not satisfied with his flower sale business’ income, since during these cold months flowers do not sell very much. The main financial income of his family comes from the sale of coffee. Karen is married and he has two small children. Karen’s wife tries to help her husband to earn a living and she works at the local school as a teacher. Karen is asking for a loan of 500,000 AMD in order to buy a new, more powerful coffee grinder and some new assortment of flowers to sell.



Loan details

Loan length:

14 months
Disbursed date: November 20, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: November 20, 2013
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company