For more than ten years Mariam has been running her own business: women’s clothes trading. She sells clothes at the central market where she rents a stall. Every week she goes to Yerevan, where she buys merchandise from wholesale markets for her business. Mariam’s husband helps with her business and thus they support their family, while their daughter stays at home and takes care of her children.
This is Mariam’s third loan from Nor Horizon and she has never delayed her repayments. At this time she is asking for a 700,000 AMD loan to buy warm sweaters, jackets, and dresses 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.
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Success!! The loan was 100% repaid