Garegin has a higher education. He is a physicist and, for about 19 years, he worked in his specialty. But after 1996, because of changes in Armenia's economic situation, he lost his job. So he organized his own petrol and diesel oil business, which he runs from his garage. At the same time, Garegin is engaging in animal farming. Thanks to his two occupations, Garegin supports his family and saves money for his children's higher education.
Garegin is asking for a loan of 1,000,000 Armenian drams to buy petrol and diesel oil for his business.
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