Simultaneously with his work at company, Khoren runs his own production business. He and his brother produce building materials in their house's yard. They produce pumice stone blocks, flagstones, stairs, etc., to private orders. Thanks to the business, Khoren and his brother support their big family.
This is Khoren’s fifth loan from Nor Horizon, and he always does his repayments on time. Now he needs a 1,000,000 Aremian dram (AMD) loan to construct a dryer, which will allow him to dry final products, and thus shorten the period of production.
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