Davit lives with his parents, who are unemployed, so Davit’s business is the only source of income for them.
Davit wants to reduce his business’s expenditures, so he is asking for a 300,000 AMD loan to convert his vehicle engine to work on CNG (compressed natural gas), as CNG is cheaper and also eco friendly in comparison with petrol.
This is Davit’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