Since 1995, Gagik has engaged in cattle breeding and gardening. At his farm, Gagik is rearing two cows and two calves. In his garden he grows fruits for his family’s use. Sometimes Gagik produces cheese, which he sells to his neighbors. Gagik’s wife helps him with the farming. In addition to farming, Gagik has another occupation: he has a truck that he uses to carry cargo for individual and contract orders.
Thanks to his two occupations, Gagik supports his family. He intends to develop his farm, and therefore he is seeking an 800,000 AMD loan to buy one more cow and five or six piglets for his farm. This is Gagik’s second loan from Nor Horizon.
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