Tigran graduated from a technological secondary school, and after that he worked as an electrician for 17 years. After that, he started beekeeping. The past three years he has engaged in animal breeding as well. On his farm, Tigran rears cows, sheep and chickens. Only his wife helps him in his occupation, as Tigran’s sons live in Russia. Tigran sells agricultural produce from his farm.
Tigran says beekeeping is the hardest, but at the same time, it's a very profitable business so he emphasizes it. He always produces high quality honey and thanks to that, he has many regular customers.
This is Tigran’s fifth loan from Nor Horizon, and he has never delayed his repayments.
Now Tigran needs a 1,000,000 Armenian dram loan to buy some bee families, a cow and fodder for his farm animals. This will allow Tigran to develop his farm and thus to increase his family’s income.
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