For more than 20 years, Harutyun and his family have been engaged in an agricultural business. With joint effort they breed four cows and some sheep. They also have a plot of land which they use as a pasture for their farm animals. They produce milk, cheese and butter which Harutyun sells at the food market and he also sells meat to butchers.
This is Harutyun’s third loan from Nor Horizon and he always repays his loans according to repayment schedules. Now he is seeking a 500,000 AMD loan to buy a horse and also to buy fodder for his farm animals, which will simplify his sending his cows and sheep to grass.
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