Susanna’s husband is in the Russian Federation working abroad. It is already ten years that Susanna has been working as a scrubwoman at a small hotel in Ijevan City. At the same time, Susanna takes care of a disabled woman in her house. For this work she is, of course, paid. So all the time, she is doing her best just to earn enough money, since her husband’s support from abroad is not enough for her family needs.
Susanna asks for a loan of 500.000 Armenian drams. She wants to buy a cheap, small car for her everyday use, because in the district where she lives, public transport does not work.
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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Success!! The loan was 100% repaid