Marat lives in Ijevan with his wife, two sons, and retired mother. Marat’s wife works as a teacher, his elder son is married and lives separately with his wife's family, and the other is a student at the Medical University. Marat for many years has worked in different jobs, and he used to have various positions, but the last few years he has been fully engaged in bee keeping, which he says is a very profitable business, and he intends to enlarge it. So he is asking for a loan of 680,000 Armenian drams to buy ten new beehives. Marat has already once taken a loan from Nor Horizon, and he has managed to pay it back successfully without any delays.
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.