Vanik and his family lives in the village of Lchashen in the Gegharkunik Province. Vanik has a wife and two sons and the younger son is a student. Vanik has worked in different places and he has done different work but small salary for a great deal of time have made Vanik fully engaged in farming.
Vanik is asking for a loan of 500,000 Armenian drams in order to purchase two cows and animal fodder. Vanik has already taken loans from Nor Horizon three times and he has never been late paying back.
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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