Hamlet has been dealing with watch repairs and sales for 24 years. He sustains his family thanks to the income from this business. He pays 12,000 AMD per month to rent his business space. Hamlet says that his work requires high concentration and attentiveness during the whole work process. With these qualities of nature watchmakers are able to do their work well.
Hamlet has previously taken nine loans from Nor Horizon (once through Kiva) and has never made delinquent repayments. He needs a 500,000 AMD loan to add to his assortment of watches, wall watches, wristlets, spare parts and watch crystals.
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