For a long time Samvel has worked as a livestock expert in different villages. Now he has his own farm where he keeps cattle and cultivates land. His wife and son help him in this hard work and thereby support their family. Samvel appreciates his family’s help very much.
Now Samvel has five newborn calves and he needs a 900,000 AMD loan to buy fodder for them and for his other farm animals. A part of his loan he will use to buy two cows for his farm.
This is Samvel’s sixth loan from Nor Horizon and second loan from Kiva. He has never delayed his loan repayments.
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