Savad has a large plot of land near his house where he grows fruits and vegetables. He has also a large barn for animals; he breeds cows, chicken, and rabbits and has many beehives. The big part of his agricultural income comes from beekeeping. All of his agricultural products, Savad sells in the fruit markets of Kapan and Kajaran cities.
For Savad, this is first loan from Nor Horizon and Kiva. He needs a loan of 1,100,000 Armenian drams to buy seeds, diesel fuel, seedlings, fertilizers and fodder for his animals. He hopes to receive a good profit in the nearest future.
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!