Areta and her husband opened their shop across from their house two years ago, but they have been in this business for 12 years. They sell groceries and household goods such oil, paper goods, towels, toys, jam and soap, etc...The profits from the sales allow them to take care of the needs of their family.
They are seeking a loan of 450,000 Armenian Drams to add more items and a wider selection to their store. She will use the loan money to purchase school supplies in anticipation of the beginning of the school year in September.
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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Success!! The loan was 100% repaid