After high school and military service, Gevorg worked as a tractor driver in Ararat region. For a long time he accumulated money, and last year he finally bought his own farm tractor. The machine helps him in his farming activity and, at the same time, he decided to offer the tractor for rent to other farmers, and he hopes to receive supplemental profit from this deal. Gevorg owns the only farm tractor in their village, and he is very proud that he can assist his neighboring villagers with his tractor.
Gevorg is 26 years old and lives with his parents, brother and sister, near Vedi city, Ararat region. His father once a year leaves Armenia, for seasonal work in the Russian Federation. At these times, Gevorg bears all responsibility for providing for his family's needs. Inasmuch as Gevorg’s tractor is worn out, now he needs a loan of about 1,000 US dollars, to repair it before the start of spring sowing. The loan would help him to arrange his spring rural work more effectively.
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