For a long time, Hambardzum worked as a driver in Sevan city. Since 2010, Hambardzum has run his own business. He built a small store near his house and sells household goods and food which he buys from Yerevan wholesale market. From time to time his son helps him in the business and transports the goods from Yerevan.
Hambardzum said his family is large and they have to work hard day and night in order to sustain their big family. At the same time, Hambardzum is very appreciative and happy that his business income allows him to meet his family's needs and to not move abroad to work, which is very common in their region.
Hambardzum needs a loan of 1,000,000 AMD to buy lots of food and household goods from the Yerevan wholesale markets, and to repair the roof of his store. This is his first time Kiva, and he hopes that it will be good for him.
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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