For about eight years Mekhak has run his own business to support his family. He buys eggs and chickens from a poultry factory in the city of Arzni and distributes them to food markets and private entrepreneurs in Vanadzor, using his own truck. His brother helps him, so part of the business's income goes to Mekhak’s brother's family.
Mekhak is requesting his fifth loan from Nor Horizon. He is asking for a loan of 1,000,000 AMD to buy a large lot of eggs and chickens in order to fulfill his clients' New Year’s orders.
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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