For many years Ararat has had his own business; first it was a small stall, where he used to sell foods and different vegetables, but lately he has built a new shop which is bigger, more comfortable and with great variety of products of the first necessity. The place of his shop is convenient since it is along the route Yerevan-Tehran. And it is greatly and daily visited by tourists, villagers and passers-by. Ararat buys the necessary products for his shop from villagers and gets deliveries of different products from Yerevan wholesale markets.
Ararat is asking for a loan of 1,000,000 Armenian drams to buy more products; meat products, juices, non-alcohol drinks, sweets, dairy products and household products for his shop. He hopes to receive a good profit from this deal and to increase the income from his business.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
121View loans »