Melik works as a brigade-leader in an organization where he repairs factory equipment. At the same time, he has land where he grows grain. During sowing and harvest time, working hours last about twelve hours a day. Also, because he hasn’t got his own agricultural equipment, he has to wait till the other farmers’ equipment is free in order to rent it.
So, Melik needs a 1,100,000 AMD loan to buy a plough and separator to cut down his expenses and to use his time more rationally.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
188View loans »