Mamikon has the qualification of a hairdresser. For ten years he has run his business, a beauty salon of his own. He has a lot of loyal customers and his salon is very famous in their city with its high quality service and low prices.
Mamikon asks for a loan of 1,000,000 Armenian drams (AMD) because he wants to change the water supply system and make improvements to the interior of his salon.
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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This loan has been fully funded!