Areta and her husband opened a shop across from their house three years ago, but they have been in this business for 13 years. They sell groceries and household goods such oil, paper goods, towels, toys, jam, soap, etc. The profits from the sales allow them to take care of the family's needs. Areta is seeking a loan of 1,000,000 AMD to buy sausages, macaroni, coffee, tea, household goods and other items for her shop. This is Areta’s 8th loan form Nor Horizon and 2nd loan from Kiva.
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