Vaghinak has been running his own business for 10 years. He rents a stall at the central food market where he sells fruits and vegetables. Several times a month, Vaghinak rents a car and goes to Ararat region and to Georgia to buy fruits and vegetables for his business. Profit from the business allows Vaghinak to support his family. This is Vaghinak’s third loan from Nor Horizon and he always does his loan repayments according to his schedule. Now he needs a 900.000 AMD loan to buy a large lot of potatoes, pears, apples and citrus 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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Success!! The loan was 100% repaid