For about four years, Armen has run his own business. He buys eggs and sweets from wholesale dealers and distributes the merchandise to food shops in Vanadzor and the whole Lori region. Armen uses his garage to store the items and he distributes them to food shops using his own truck, which he bought thanks to his business income.
Armen’s wife helps him in his occupation and thus they are able to meet their family's needs.
Armen wants to diversify his merchandise, so he needs a 1,000,000 AMD loan to buy large lot of various sweets for his business.
This is Armen’s third loan from Nor Horizon and he has never delayed his loan 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