For almost 15 years Manya has managed a shop, where she sells toys, tableware, souvenirs, perfumery and household goods. Her husband helps her in the business and her son brings merchandise from Yerevan to Vanadzor and helps in the shop when needed as well.
With the profit from her business, Manya and her son support their families. Manya needs a loan of 1,000,000 Armenian drams to buy a large lot of toys and household goods, which will allow her to increase her business income in the near future. Manya has received loans from Nor Horizon 12 times and she has never delayed in her loans repayments.
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