At the same time, Nver and his family are engaged in agricultural businesses. His wife helps him to grow vegetables in their garden and sells them in the Sevan fruit markets. Nver has a large animal barn where he breeds cows, sheep, bulls and piglets. He likes his animals and takes care of them with great pleasure. As he confessed, animal breeding is more profitable than his job, which for Nver is just a charity occupation.
This is the first loan with Kiva for Nver. He needs a loan amount of 700,000 Armenian drams to buy 3 young cows in order to enlarge his animal breeding business, and he hopes to receive a good profit. Nver believes that it will be good start and he hopes to cooperate with Kiva in the future again.
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