Rashid and his family engage in cattle and chicken breeding, beekeeping and land cultivation. Rashid’s mother is retiree, but she also helps her sons with their farming. Thanks to profit from their occupation they solve their family’s needs.
Rashid asks for a 700.000 AMD loan to improve his harvesting process and will use the funds to buy a fuel for his harvesting machine, to pay for mowed hay transportation from field to his farm, and also to pay a rent to village administration for a plot of land, because hay from his own field doesn't enough for his farm animals, as well as to buy 3 or 4 bee families.
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