Arsen H. was born in 1964 and lives in the town of Kapan. He is married and has two children -- a son who is serving in the Armenian army and a daughter who is a student in Yerevan. His wife is not currently employed. For the last 20 years, he has made a living running his own car-repair business. This has allowed him to support his family and pay for the education of his children. He is applying for this loan for 1,000,000 AMD to buy spare parts. This will be his fourth loan from Nor Horizon, and he has repaid the first three on time.
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.