Karine worked as an economist in a building organization until it closed in 1993. Then Karine and her husband rented a space in the Ijevan Central Market and started selling clothing and shoes. For the past 16 years, thanks to her profits, Karine has paid for her daughters’ educations and organized their weddings. A few years ago, with her own income, Karine supplied free sweets -- chocolate, candy, and cakes -- to Ijevan School N4.
Karine already has received nine loans from Nor Horizon. Now she needs a loan of 400,000 AMD to buy winter clothes to sell. She plans to spend the expected income to expand her business and repair her apartment.
About “Nor Horizon”
“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.
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