Samvel is studying at Yerevan State University, Ijevan branch, and at the same time he runs his own household goods and toy trading business in a rented shop. When Samvel was serving in the Armenian army, his mother and brother ran the business in his absence. Now they continue helping Samvel in his occupation. Samvel buys merchandise from distributors and also once a month from wholesale markets in Yerevan. Thanks to his trading, Samvel is able to pay for his education at the University and to provide for his family as well.
Samvel is seeking a 1.000.000 AMD loan to buy a large lot of basins, pails, detergents, etc. for his business.
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