Since 2000 Marsel has been running his own business. He produces shoes in his home’s basement and sells them in the Ljevan market and distributes his shoes to other businessmen. Also Marsel takes orders for shoes production. He sells ready-made shoes from a rented stall in the Ljevan market. Marsel purchases materials and domestically produced shoes from Yerevan.
Thanks to his business profit Marsel has able to keep his young family and he bought necessary furniture for his home. This is Marsel’s 5th loan from Nor Horizon and now he is asking for a 750.000 AMD loan to buy shoes assortment to resell and to buy materials (leather, shoe soles, etc.) for his shoes production.
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