Since 1982 Anush has worked as a seamstress and she takes orders for dresses, skirts, trousers and suits. Anush says her incomes from sewing is insufficient for the maintenance of the family and therefore she, her son and her daughter-in-low have organized a fruits and vegetables trading business in the neighborhood of Anush's sewing workshop.
Thanks to their joint action they support their family and have been able to save a moderate amount of money to buy a truck. That truck will allow them to transport fruits and vegetables from villages to their business place.
Anush asks for an 800,000 AMD loan to buy a new sewing machine and other necessary equipment for her sewing business and to fill in the missing amount of money for truck buying.
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