Rural Armenia
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Israel Hovhannisya - Gandzak, Gegharkunik Region:
TinySlideshow/photos/IsraelHovhannisyan.jpgIsrael Hovhannisyan recived 300 000AMD in order to make a car repairing center.
Financed on 11.09.2012 with 300 000 AMD
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Sirvard Shanoyan - Clothing trade - Gavar, Gegharkunik Region:
TinySlideshow/photos/SirvardShanoyan.jpgSirvard Shanoyan received 400.000AMD from the "Successful Start" fund in order to be able to increase the revolving funds in her clothing trade business.
Financed on 09.08.2012 with 400 000 AMD
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Vahan Soghomonyan - Computer & Accessories Center - Noratus Village, Gegharkunik Region:
TinySlideshow/photos/VahanSogomonyan.jpgIT development is really important in rural communities. Most of the village inhabitants do not or are not in a position to have computers. The computer center is located in the Noratus village as a unique IT business. The entrepreneur wants to enlarge the business. The project supported the repairing of the space to make it presentable to the customers with additional services, as well as provided new work places.
Financed on 06.03.2012 with 300 000 AMD
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Nune Hakobyan - Souvenir Shop - Shushi City, Artsakh:
TinySlideshow/photos/NuneHakobyan.jpgBusiness development has immense strategic importance to Artsakh, as this is undoubtedly one of the main factors that make people stay and live there. There were no specific souvenir-gift shops in Shushi, so people had to buy souvenirs from the capital city Stepanakert. The project enabled the shop to repair and enlarge the space, to purchase new items and increase the sale, thereby creating two additional job places.
Financed on 12.03.2012 with 300 000 AMD
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Karen Hakobyan - Tonratoon-Bakery - Shushi City, Artsakh:
TinySlideshow/photos/KarenHakobyan.jpgThe project promoted the operation of the bakery, which the entrepreneur was intending to launch since a long time. This is the first business in Shushi that delivers food according to the licensed order. Currently three employees are engaged in the bakery, equipments and furniture have been purchased and the space has been repaired. The business is profitable and the entrepreneur is able to pay the loan installments in time.
Financed on 12.03.2012 with 400 000 AMD
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Viktr Badalyan - Bee keeping - Vardenik Village, Gegharkunik Region:
TinySlideshow/photos/ViktrBadalyan.jpgBee-keeping is one of the profitable businesses in Vardenik village. In Armenia, the number of households producing pure honey is very scarce. In the beginning of 2012, the entrepreneur was going to sell twenty bee families in order to meet and cover the annual expenses. The financial assistance helped him to strengthen and expand his activities and production.
Financed on 12.03.2012 with 300 000 AMD
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Hasmik Tirabyan - Sheep-Breeding Farm - Khashtarak Village, Tavush Region:
TinySlideshow/photos/HasmikTirabyan.jpgAgriculture is the main activity in Khashtarak village of Tavush region. There are only two big sheep-breeding farms in Khashtarak, both farms are the beneficiaries of the project. This household had twenty sheep and ten goats. The project helped to purchase six sheep of new sort. This sort is much productive and now the householder is willing to buy some more sheep of this sort.
Financed on 18.03.2012 with 300 000 AMD
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Armen Shahinyan - 3D Cinema - Vaghashen Village, Gegharkunik Region:
TinySlideshow/photos/ArmenShahinyan.jpg3D cinema is innovation in Gagharkunik region as there are no such cinemas in the region. No conditions of entertainment for young people in Vaghashen village exist. Having succeeded in establishing an IT business, the entrepreneur decided to establish a 3D cinema next to his shop. The project helped him to repair the space and buy the required equipment and techniques.
Financed on 15.03.2012 with 350 000 AMD
norutyun
- Investing in local development professionals
- Investing in local entrepreneurs
- Investing in rural communities
Results:
- Return of migrant workers
- Income generating opportunities for women
- Jobs for young adults
- Economic development
Last Project News
In 2004, the Gegharkunik Chamber of Commerce and Industry has established the “Successful Start” Fund with a starting capital of US$ 12,000 to provide Start-up micro-interest loans for new small and medium enterprises (SMEs) in all the Armenian Provinces (Marzes) and Artsakh. The amount was provided by the German Association for International Cooperation (GIZ – formerly GTZ) Program of ProSME (GTZ/PEM), which boosted its assistance by a further contribution of US$ 12,000 in 2010.
The loans are provided for a maximum period of 24 months and do not exceed the amount of US$ 2,000, thereby covering up to 60% of the individual business project proposal’s financial needs. The timeline for paying-off the loans is flexible according to each individual business plan’s schedule/capacity of cash flow. Returned amounts are reutilized for funding new start-up enterprises.
In order to increase the Effectiveness, the Reachability and the Instrumentality of the “Successful Start Fund”, the Vienna Consortium for Development Initiatives (VCDI) – a non-profit Non-Governmental Organization (NGO) that has been founded in 2008 - is joining efforts with the GCCI and launching a fund collection campaign, which will mainly focus the financing of the attached list of planned business project proposals.
