Babken studies in the Correspondence Courses at the Teachers-training College in Yerevan. Parallel to studying he has his own business, which consists of lavash (Armenian bread) production and sales. The bakery is in the family’s private house. Babken and his father have been running this business for five years, and they now employ a staff of two.
Babken needs US$ 3,000 for wholesale purchase of flour. Babken wants to use one part of the flour in his business and the other part he wants to resell. With the income for his business, Babken hopes to increase his sales and pay for his studies.
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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