Varuzhan has been repairing cars in Kajaran for more than five years. He buys old, broken-down cars, repairs them and then sells them for profit. Also, he takes orders for car repairing.
Varuzhan has his own workshop near his house; this allows him to cut down on his expenses. Additionally, Varuzhan works as a forester since he is the only breadwinner in the family. However, he earns the majority of his income through his auto-repairs business.
Varuzhan needs a 1.000.000 AMD loan to buy old and broken-down cars, which he will repair and sell for a profit. This is Varuzhan’s second loan from Nor Horizon.
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