With the income of this business, Hovik managed to buy a car for himself and furniture for their kitchen. His grandparents are very proud of their grandson, since he takes care of them properly and perfectly with great love and respect.
Hovik asks a loan from Kiva lenders for the first time and he plans to buy large variety and large amount of fish from fish wholesale markets in order to enlarge both his business and his income from it as well. From the first partnership with Nor Horizon Hovik has had a practice of paying back the loan amounts properly and on time.
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