Fenik and her husband are retired and for a long time they have been engaged in farming and agriculture. Fenik’s husband is engaged in bee keeping. On their farm, they have two cows, a heifer, two calves, four sheep, ten chickens and twelve beehives. The products from their agricultural business Fenik and her husband sell in the Sevan food markets. As Fenik said, she is very happy that she can sustain her family with her income from agriculture.
Fenik is taking a loan from Kiva for the first time and she needs 600.000 Armenian drams to buy potato seeds, fodder for her animals and wax paper for bee families. With this loan, she hopes to receive a good profit.
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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This loan has been fully funded!