Since 1999 Avetik and his wife have been engaged in farming. They breed cows and chickens as well as grow vegetables on their farm. They use the farm produce and derived dairy products such as eggs, potatoes, cucumber, tomatoes, etc. for family consumption. Avetik grows for sale only figs, which he sells during summer and autumn months for a good profit.
Avetik has a small, old cowshed on his farm that he wants to convert this into a new and bigger cowshed for his farm animals and is hence asking a 1,000,000 AMD loan.
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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