Now Ashot has ended his army service and he already works; he is a dyer. Simultaneously, with his own car, Ashot gives taxi service around his city. Ashot’s mother is unemployed and she takes care of their house. The flat where Ashot and his mother live needs to be entirely repaired and Ashot has also decided to get married.
He asks for a loan of 1,100,000 Armenian drams (AMD) in order to begin his flat repairing activities and also to pay for some expenses for his wedding.
More information about this loan
This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.
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