Gevorg is engaged in the trading of household goods. He rents a small shop in Vanadzor city which he has comfortably furnished and where he sells hairdryers, irons, food processors, blenders, toasters, electric kettles and different kitchen sets. Gevorg buys the merchandise from wholesale centers in Yerevan and transports them to his shop for resale. Gevorg has been engaged in this occupation for more than 5 years. His business is very profitable as the shop is situated in a remote place of Vanadzor city. Gevorg himself is very pleased. Such activity brings him more revenue, and he hopes to expand his business.
Gevorg decided to run a new stall in his shop for the resale of household goods, and he hopes to receive a good profit from that activity because of the spring holidays in Armenia.
Gevorg needs a loan of 1,000,000 Armenian Dram to buy a large assortment of household goods, statues, candles, decorative lamps, etc. for resale, which will increase his business income.
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