Already Investor - Log in Need more Info

Andrey’s shoemaking workshop creates jobs in an Ararat small town

06 August 2025

Since 2016, Andrey has poured his heart and sould into running two local clothing stores and creating quality men’s footwear, with each pair telling a story of dedication and resilience.

As demand steadily grew, Andrey saw the opportunity not only to grow his business, but to create something lasting for his community. In 2022, he found a trusted partner in MK Kredit in Armenia. With an appropriate financing package his vision began to take clearer shape.

The last loan made a remarkable difference:
– Half of it was used to expand the factory, opening doors to higher production capacity and better working conditions,
– The rest was invested in modern equipment and premium raw materials, ensuring both efficiency and excellence in every product.

The results speak volumes:
– Production increased by 50%, now reaching 1,500 pairs of shoes each month,
– A new wholesale line was launched, allowing his products to reach far beyond the streets of Masis, – Business turnover rose by 40%, while profitability improved by 15%.

But the true impact goes beyond numbers. With MK Kredit’s support, Andrey is not only growing a business, he is empowering livelihoods, supporting local craftsmanship, and showing others that even modest beginnings can lead to big changes.

His journey is proof that with the right support and firm determination, growth is not just possible. It is inevitable.

Contact us to learn more about how MK Kredit can help small entrepreneurs take their next step.