Babken is taking the Correspondence Courses at the Teachers Training College in Yerevan. Parallel to his studies, he has his own business, which consists of lavash (Armenian bread) production and sale. The bakery is in the family’s private house. Babken and his father have been running this business for 6 years.
Thanks to his first Kiva loan, Babken was able to purchase flour wholesale, as well as buy a mini lorry which he uses to deliver his products to Sevan area shops.
Babken needs a 1,000,000 AMD loan to purchase more flour at wholesale and to construct a new stove for his bread production.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
127View loans »