Greta is 56 years old and lives with her unemployed husband in the village of Ddmashen in the region of Gegharkunik. Their two sons are married and live separately with their families. Greta doesn't have a higher education and both her husband and she have been engaged in farming and agriculture for many years. They have a piece of land where they cultivate potatoes. They also have three cows, two calves, five sheep, two piglets and eleven chickens on their farm. Greta is requesting a loan for the first time. She needs 520,000 Armenian drams to buy animal fodder and seeds of potato. She really hopes that this deal with Kiva and Nor Horizon will bring a better income to her family and in future she can again cooperate with Kiva lenders.
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.