Hasmik has rented a small stall not very far from the city center, and there she sells baby and teen clothes, towels, shoes, slippers, and trunks. Hasmik mainly brings all the products needed for her stall from Yerevan wholesale markets. Hasmik’s husband helps her very much since his truck is very convenient for bringing a lot products from Yerevan, and she doesn't need to pay for transportation.
Hasmik wants to expand the product range in her stall, and she asks for a loan of 850,000 Armenian drams to buy a lot of summer and winter season baby clothes, teen clothes, and warm winter boots. She hopes very much that support from Kiva lenders will bring a decent profit.
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