For about 14 years, Garik and his wife have had their own business. They sell household goods, shoes, underclothes, cereals, etc., at Kapan market. Garik spends part of his business profit for his daughter's education, and another part, he uses to keep his family.
This is Garik's tenth loan from Nor Horizon, and he is asking for 900,000 Armenian dram to buy cereals and wheat from villagers and household goods from Yerevan to resell them in the Kapan market.
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