Since 1995 Vazgen has been engaged in a vegetables trade business. He buys vegetables from the nearest villages and resells them in the Ijevan food market in his renting place. With the profit from his business, Vazgen was able to buy a car (which he uses in his business) and furniture for his house. He has received a loan from Nor Horizon 8 times and has never delayed his repayments.
Vazgen is expecting to increase his income from his vegetable business, so he is seeking a 550,000 Armenian drams loan to add varieties of his vegetables for resale.
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