For seven years now Gagik has worked as a tailor from a room in his house. He mainly makes gloves for construction workers and enjoys doing so. He either receives big orders or goes after sales of his products to local construction companies.
Gagik is applying for a 150,000 AMD loan through Nor Horizon to buy thread, fabric and other materials for his work. He also intends to start sewing footwear to sell at local markets. This loan will help him increase his family’s future income.
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.
157View loans »
Success!! The loan was 100% repaid