With the help of her first Kiva loan, Nelli was able to develop her hairdressing salon and now she has a lot of regular clients. Now her business is going very well and thanks to profit from her business, she and her parents decided to open also a small butcher shop. They have already bought a refrigerator and meat chopper and they hope to start their new business very soon. Nelli transferred her hairdressing salon to her home, where she assigned a room for it. So Nelli and her parents set up their new butcher shop in the place of hairdressing salon. Nelli is seeking a loan of 500,000 AMD to buy a shop-window refrigerator for her new butcher shop.
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