Armen and his mother breed cows, sheep, pigs, and chickens. He sells the produced dairy products to fellow villagers, and the meat to butchers. He uses the rest of the agricultural produce for his family's needs. He also grows wheat and oats, which he uses as fodder for his farm animals. Thanks to farming, Armen provides for his family and now he intends to buy three more cows. This will help him to sell more dairy products and thus to increase his family income in the future. Therefore, he needs a loan of 1,000,000 Armenia drams (AMD).
This is Armen’s third loan from Nor Horizon and he has never been delayed in his 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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