Since 2007, Hakob has rented a stall and managed his own food-trading business. With his business’s income, Hakob supports his family and pays for his children's education.
In his stall he sells candy, beverages, food, canned food, tea, coffee, etc. In advance of the New Year holidays, Hakob intends to increase his business. Therefore, he is asking for a 500,000-Armenian-dram loan to begin trading household goods in his stall.
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