Funded

Total loan: $2,700
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Armen

Armenia
Vanadzor, Armenia / Goods Distribution

A loan of $2,700 helped to buy a large lot of various sweets for his business.


Armen's story

Armen is 50 years old. He lives in Vanadzor with his mother, his wife and his daughter.

For about four years, Armen has run his own business. He buys eggs and sweets from wholesale dealers and distributes the merchandise to food shops in Vanadzor and the whole Lori region. Armen uses his garage to store the items and he distributes them to food shops using his own truck, which he bought thanks to his business income.

Armen’s wife helps him in his occupation and thus they are able to meet their family's needs. Armen wants to diversify his merchandise, so he needs a 1,000,000 AMD loan to buy large lot of various sweets for his business.

This is Armen’s third loan from Nor Horizon and he has never delayed his loan repayments.



Loan details

Loan length:

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