Hayk Mkoyan
Potato Seed-Growing, Potato food and Fodder Production
Vardenik Village, Gegharkunik Marz

Project Summary

I have been engaged in potato production for 7 years. I produce 3 basic types of potato:

Potato food
Potato seed
Potato for fodder
I have a stable market of customers, as I provide potatoes of high quality. My basic market for potato food is the market of Yerevan. For potato seed and potato fodder, the markets of the Martuni area. The farm has all necessary technologies, so it’s possible to offer a low cost price. Each year the number of cultivated land areas expands, so we increase our harvest continuously. The company always makes a profit, as it keeps all required parameters. Only in 2008, we had less profit connected with the general fall in price in the market. In 2009 we plan to cultivate 5 hectares of land area. It will give us 4.5 million AMD profit. All profit will be directed entirely to new land area acquisition. In 2010 we plan to cultivate 10 hectares of land area. For this reason we need to borrow some money

Project Financial Analysis

Project Costs: 
5,000,000
Total Equity: 
13,800,000
Requested Amount: 
2,500,000
Loan committee decision: 
2,000,000
Received: 
0
Profit : 
9,680,000
Current employees: 
7
New employees: 
0

Please register for downloading the full version of the business plan