At this point, his product is very popular in the entire Gegharkunik marz, whose centre is Sevan city. Albert provides many shops and school buffets with his confectionery, and while he was pleased that his business had expanded, he experienced difficulty delivering his product to such a large region. Therefore, with his first Kiva loan, Albert was able to buy a minibus for providing customers with his fresh products on time.
Albert intends to diversify his product, so he is currently asking for a 600.000 AMD loan in order to buy the necessary equipment for the production of salty stick confectionery.
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.
126View loans »
Success!! The loan was 100% repaid