Funded

Total loan: $1,375
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Arman

Armenia
Vanadzor, Armenia / Clothing Sales

A loan of $1,375 helped to buy a spring-season clothing assortment for his business.


Arman's story

Arman P. is 36 years old. He lives in Vanadzor city with his wife and his school-aged son. Arman is a biologist, but because of his living conditions, he has been operating a clothes trading business for about fifteen years. He sells only men’s clothing in a rented place in the Vanadzor clothes market. He brings merchandise from Yerevan once a week and orders merchandise from China once a month as well. Arman’s wife helps him with the business, and so they are able to support their family and pay rent for their business location.

Arman needs a 500,000 AMD loan to buy a spring-season clothing assortment for his business. This is Arman’s 3rd loan from Nor Horizon; he has repaid previous loans without delay.



Loan details

Loan length:

20 months
Disbursed date: February 16, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: February 16, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company