Frunze graduated from Yerevan Polytechnic Institute in the chemical industry department and for many years, he worked as a foreman in different companies. Since 2002, Frunze and his wife have been engaged in farming. They grow potatoes and breed cows, sheep, pigs and chickens. Part of the agricultural produce they use for their family’s needs and the other part they sell to resellers. Thanks to farming, Frunze solves the major part of his family’s needs, as his son’s salary is small.
This is Frunze’s second loan from Nor Horizon and now he is seeking for $1,300 to buy potato seedlings and fertilizer.
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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