Khachatur and his wife operate a farm where they breed cattle, pigs and chickens, and raise bees. Also they grow vegetables, beans and wheat. They sell their agricultural produce at the Kapan city market.
Khachatur has a caterpillar tractor, a wheeled tractor, a utility truck, and mowing machine. The last tractor he bought was with money from his first Kiva-funded loan. He uses these implements on his farm and also rents them to people in the village. Now, Khachatur is requesting a 1,000,000 Armenian dram loan to buy hay pressing equipment for his farm.
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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