Armen has a business of his own; in a rented shop he sells a great range of car parts. His shop is very popular in his district, because of his shop’s great assortment and low prices. He has been running his business for ten years, and during those years the number of his loyal customers has grown.
He asks for a loan of 1,000,000 Armenian drams in order to buy car tires and start to sell them also. He hopes that in this way he will manage to pay for his daughter’s tuition fee and provide his family with better living conditions.
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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