Samvel is a builder by specialty and, for many years, he worked at different companies. Now, he works at a private company, as a security officer, but Samvel, together with his wife, is also engaged in farming.
In Armenia, there is a tradition in which, when a young man goes into the army for military service, his family organizes big and cheerful party, inviting all their relatives, friends, and neighbors. The meaning of such a party is to happily see him off to the army and to make him remember all his relatives and friends, during his several years of serving in the army. They wish him safe service and peacefulness for the whole world.
So, Samvel asks for a loan of AMD 400,000 (Armenian drams) in order to organize a nice party for his son, who is going into the army.
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