For about 20 years, Hamlet worked as a mechanical engineer in one of Abovyan's city factories, but since 2003 he has been trading in jewelry and souvenirs. With the income from his business, Hamlet supports his family and has been able to buy new furniture for his house and improve his family's living conditions.
Recently Hamlet diversified his business: now he sells not only jewelry and souvenirs, but also sunglasses.
Hamlet intends to buy his own place for his business, which will reduce his business expenses. He says that, thanks to his business income, he has already saved some money to buy a small stall.
Hamlet is asking for a 1,000,000 AMD loan to buy an assortment of jewelry and to buy vases, photo frames, tea and coffee to sell. He plans to add future income to his saved money. Hamlet hopes to buy his own place very soon.
This is Hamlet's second loan from Kiva.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
112View loans »
Success!! The loan was 100% repaid