Funded

Total loan: $2,075
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Samvel

Armenia
Vanadzor, Armenia / Clothing Sales

A loan of $2,075 helped to buy a large lot of sweaters, trousers, and dressing gowns for his business.


Samvel's story

Samvel is 59 years old and lives in Vanadzor City with his wife and a daughter.

Samvel works at a school as a watchman, his wife works at the same school as a teacher, and his daughter works at a disk shop as a shop assistant.

Samvel says that their salaries aren’t enough for maintenance of the family, and that’s why he runs a clothes trading business as well. Samvel has engaged in business more than fifteen years. He rents a stall in the central market and sells women’s clothes, which he buys from Yerevan. Three or four times a month Samvel and other sellers from the same market rent a car and go to Yerevan's wholesale markets for buying goods to resell.

In his business, Samvel emphasizes house suits and dressing gowns.

This is Samvel’s third loan from Nor Horizon and now he is seeking an 800,000 AMD loan to buy a large lot of sweaters, trousers, and dressing gowns for his business.



Loan details

Loan length:

18 months
Disbursed date: January 20, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

18 months
Disbursed date: January 20, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company