He has been engaged in this work for four years. The needed materials for the wreaths Ara buys from the local hardware shops and the ready product he sells to the owners of flower shops. Ara and his wife, retired mother, and a son live in the small city of Vanadzor. Ara needs a little support in his business, in order to buy some row materials and he asks a loan of 150,000 Armenian Drams for that purchase.
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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