For more than 15 years, Ruzan and her husband have been engaged in a shoe sales business. For about seven years they have been renting a stall in the one of the biggest subway stations in Yerevan, where they sell children’s, men’s and women’s shoes. They buy merchandise from Georgia and Yeravan’s wholesale fair. Thanks to their own business, Ruzan and her family have improved their living conditions and bought a car, which helps them to decrease their business expenses.
Ruzan is requesting a 450,000 Armenian drams loan to add to her shop's shoe assortment, especially children’s shoes. She intends to spend her future income on children's and students' shoes, which she will purchase ahead of the academic year.
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