His father died several years ago and now he lives with his mother. For many years, she worked as an adjuster in the capacitor, but now she is retired and helps her son with his business.
For seven years, Artak has been running his fruit and vegetable trading business. He sells a great assortment of vegetables (greens, onions, potatoes, carrots, and more) and fruits (apples of different sorts, pears, peaches, lemons, bananas, and more).
Artak drives around Kapan and Kadjaran with his own car and perfectly manages to sell all the products that he buys from the Yerevan wholesale market. He mainly buys fruit from the Ararat lowland and from the nearby villages of Kapan and Sisyan.
Since his car has the most important function for his business, he tries to take care of it properly. So, he needs a loan to use for the purchase of car tires. He will also buy some vegetables and fruits for his business.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
174View loans »