Sargis Arshakyan
Digital Photography Studio
Vardenik Village, Gegharkunik Marz

Project Summary

The company is providing a computer, xerox copies, color printing, and other services. The analysis of the market in Vardenik shows that demand for digital photo printing is increasing.

Year by year, numbers of digital cameras and mobile phones with digital photo functions are increasing in Vardenik. People prefer to have photos printed and satisfy this demand either in Martuni or in Yerevan.
Having experience in this field and considering research which was conducted, the company has decided to provide services of printing digital photographs in Vardenik.

It is necessary to invest 9 million AMD. The main part of this will be spent on a new apparatus.
Annual income earned is estimated at 9 million AMD, the profit amounting to about 500,000 AMD.

Project Financial Analysis

Project Costs: 
14,115,000
Total Equity: 
6,115,000
Requested Amount: 
8,000,000
Loan committee decision: 
400,000 from GCCI Start up found and 7,000,000 from ACBA Credit Agrikol Bank
Profit : 
582,420
Profitability of Equity: 
10%
Current employees: 
1
New employees: 
3

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