Funded

Total loan: $2,025
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Marsel

Armenia
Ijevan, Armenia / Shoe Sales

A loan of $2,025 helped to buy shoe assortments to resell and to buy materials (leather, shoe soles, etc.) for his shoes production.


Marsel's story

Marsel was born in Ljevan City in 1982. He is married and has a five year old son and a two year old daughter. His wife stays at home and takes care of their children.

Since 2000 Marsel has been running his own business. He produces shoes in his home’s basement and sells them in the Ljevan market and distributes his shoes to other businessmen. Also Marsel takes orders for shoes production. He sells ready-made shoes from a rented stall in the Ljevan market. Marsel purchases materials and domestically produced shoes from Yerevan.

Thanks to his business profit Marsel has able to keep his young family and he bought necessary furniture for his home. This is Marsel’s 5th loan from Nor Horizon and now he is asking for a 750.000 AMD loan to buy shoes assortment to resell and to buy materials (leather, shoe soles, etc.) for his shoes production.



Loan details

Loan length:

32 months
Disbursed date: May 24, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

32 months
Disbursed date: May 24, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company