A loan of $2,075 helped to buy a coffee making machine for his shop.


Karen's story

Karen is 43 years old and he lives in Sevan city in Gegharkunik region. Karen is married and he has a son who is a student of Crisis Management Academy at the paid division. For many years Karen did construction work for the Russian Federation; but for the last 16 years Karen has had his own fruit-vegetable stand business. During these years Karen became rather skilled in this field; he managed to have his own small shop, he bought a car and provided his family with good living conditions. In his shop he has a great assortment of local colorful, testy and fresh fruits and vegetables; potato, greens, cabbage, tomato, apple, grape, orange, lemon, banana, mandarin and pomegranate. All these goods he buys both from the villagers and from re-sellers at the city wholesale market. Karen says that his shop is near the central bus station of their city and he never had a lack of customers.
Karen has a new idea which needs some financial support. He asks a loan of 850.000 Armenian drams in order to buy acoffee making machine which he will place near his shop; this innovation, to his mind, will bring some more income to his family budget.



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