Funded

Total loan: $2,450
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Varuzhan

Armenia
Kapan, Armenia / Auto Repair

A loan of $2,450 helped to buy old and broken-down cars for his business.


Varuzhan's story

Varuzhan is 45 years old. He is married and has three children, including two daughters and one son. Varuzhan’s elder children are married and live separately while his younger son attends school. Varuzhan’s wife is unemployed.

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.



Loan details

Loan length:

26 months
Disbursed date: August 10, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: August 10, 2012
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company