Vahe is 40 years old and lives with his wife, a daughter and a son in Yerevan. Vahe’s wife stays at home and takes care of their children who are pupils. Vahe has a high education in the economics sphere but he has never worked in any organization. For more than 17 years, he has been engaged in the clothes trading business. He imports women's clothes from neighboring countries and resells them in Yerevan. Vahe used to rent stalls in different clothes markets in Yerevan, but now he is renting a stall in the one of the biggest trade center in Yerevan, which is the most comfortable and largest place for trade. Vahe prefers to sell women's clothes because in Yerevan it is in high demand and as he confessed, it is more pleasurable for him. Thanks to his business, Vahe solved his family's needs and bought new furniture and home appliances for their apartment. Vahe received loans from Nor Horizon 12 times and he has never delayed his repayments. Now Vahe needs a $3,000 loan to buy autumn and winter women's clothes to resell.
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.