Vahe brings raw materials and necessary items for his business from Yerevan. He needs a 700,000 Armenian dram loan to buy a car, which he will use for bringing materials from Yerevan and also to transport his products to his clients.
Vahe is 27 years old and he lives in Ijevan. Vahe's family consists of his parents, two brothers and his brother's family. Thanks to his business Vahe covers the major part of his big family's needs, as his parents, as one of his brothers and sister-in-law don't have a job.
This is Vahe's second loan from Nor Horizon.
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