For about three years Nune has engaged in trading. She rents a place in Kapan market, where she sells tableware, bags, wallets, caps, scarves, small household appliances, etc. She buys merchandise from Yerevan once a month and sells it at her stall in Kapan. She works without free days and thanks to her business she provides part of her family’s needs and pays for her son’s education.
Nune is seeking a $1,400 loan to increase her stall’s assortment. She intends to buy headscarves, umbrellas, bags, wallets and tableware to resell.
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