“Not a fan of drastic changes, I didn’t risk a new kind of business and just continued with what I could do the best,” Melkonyan says.
June 13, 2014
Samvel Melkonyan, the head of S Kahuyq LLC has been engaged in furniture business since the Soviet times. Currently, he runs his own furniture shop in Yerevan, the capital of Armenia.
The couple breeds cattle, pigs, hens and ducks, and at the first sight taking care of the whole livestock farm seems quite impossible.
June 11, 2014
Alla Davtyan, her husband Mikael Hovhannisyan and their little daughter moved to Masis village located near the town of Artashat in Ararat province of Armenia several years ago. They settled in a small construction next to an abandoned farm, the owner of which let them live and work there, and purchased a cow, marking the beginning of a new life.
With the business advancing, Asoyan doesn’t rule out taking another loan for opening a new shop to sell shoes for men.
June 6, 2014
Edgar & Karen LLC, which was registered back in 2007, now operates Planet of Clothes chain of shops selling affordable clothing in Yerevan, the capital of Armenia, and in the nearby town of Abovyan. The head of the firm, Karen Asoyan, personally runs the business, importing goods from China, Turkey and Dubai.
“All you see around is the result of our family efforts. We work hard day and night and the outcome is pleasing,” Shmavonyan says.
May 30, 2014
Hamlet Shmavonyan, a resident of Aratavan village in Ararat province of Armenia, believes that all problems are solvable, once people do their job. With the latest $2500 loan from ACBA-Credit Agricole Bank, he bought a land adjacent to his house, where he already built a pigsty, as well as two greenhouses to grow pinks, tulips and chrysanthemums. He also purchased fuelwood he uses to heat the greenhouses in winter.
After the collapse of the Soviet Union, Rafik Vardanyan acquired the land of 1129,8 square meters to start his business.
May 28, 2014
Erzrum restaurant complex has been functioning for over 7 years in Jrvezh district on the outskirts of Armenia’s capital Yerevan. It’s a two-storey construction, with an adjacent green territory used as an open air café.
“With ACBA at my side, we mapped out the future one step at a time. That makes the risk manageable,“ Manukyan says.
May 22, 2014
The resident of Lenughi village of Armenia’s Armavir province, Sargis Manukyan, believes that a farmer shouldn’t put all eggs in one basket. However, he knows that diversification can be risky too. A little more than ten years ago, Manukyan’s small farm enabled him to make a modest living. At the same time, he knew that limiting his business to livestock was equal to reducing his chances for a better life.
The Khachatryans managed to keep the business and further develop it, following the directions once set by the head of the family.
May 14, 2014
Laura Khachatryan follows the business rules once set by her husband, Patvakan Khachatryan, who started the Vahan Khachatryan and Friends bakery back in 2000 with three old electric ovens, which were quite inefficient and costly to operate.
By 2009, Gevorgyan's barn had 18 cows, 7 heifers and 22 calves, while alfalfa production mainly covered his own needs.
May 7, 2014
Yeghishe Gevorgyan lives on the outskirts of Aragatsavan, a small village in Aragatsotn province of Armenia, just a few miles from the Turkish border. About a decade ago, he made a decision that changed his life. “At one point, I said to myself: ‘Yeghishe, if you don’t do something with this land, someone else will’,” Gevorgyan recollects.
“We didn’t hire designers to help us with the interior, but pinned hopes on our taste and fancy,” Kocharyan says proudly.
May 2, 2014
Malibu children’s entertainment center is situated in Abovyan town of Kotayk province of Armenia. It’s an impressive looking building, the doors of which open to reveal a world of fun and tasty food.
“I am pleased with my cooperation with ACBA, as it helps me develop by business. I am not saying it just for effect,” Mikaelyan says.
April 25, 2014
Levik Mikaelyan, the head of Namels LLC, runs a shop selling spare parts for soviet and Russian-made vehicles in Artashat, the center of Armenia’s Ararat province. “I was always interested in spares,” says Mikaelyan, who used to live in Tolyatti, a city in Samara region of Russia, which is famous for its motor-car plant.