For more than seven years Naira has sold clothes from her own shop. She retails women’s clothes, underclothes and bathrobes, men’s sweaters and shirts as well. Once a week Naira goes to Yerevan to buy merchandise and between seasons she buys clothes for her business from a neighboring country.
Thanks to her business income Naira can keep her family, since her husband and father-in-law are jobless.
This is Naira’s seventh loan from Nor Horizon and she always makes her loan repayments on time.
Now she is seeking a loan of AMD 800,000 to buy winter outerwear to resell.
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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