After serving in the Armenian army, Arman joined his family's business. Specifically, he and his family are engaged in cattle-breeding, beekeeping, and farming. Arman says that farming is a very hard business, not only because it is labor-intensive, but also because he has to defend the beehives from bears, who sometimes steal them from the villagers. Since last month Arman has also worked as a truck driver to supplement his income while he continues with his farming operations.
This would be Arman’s second loan from both Kiva and Nor Horizon. He is seeking a loan in the amount of 600,000 AMD ($1,600) to buy some calves for his farm and to increase the number of his beehives.
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