Like many other families in their village, Alvard’s husband is earning a small income abroad as a worker in the Russian Federation. By supplementing the farm income with his earnings, he tries to improve the family’s poor living conditions. One of their sons helps Alvard with the farming; he also manages to earn a little extra money by working during holiday seasons in the coastal area of beautiful lake Sevan.
Alvard is confident that she can manage any hard work, especially if there is the possibility of additional support and help. She has made the decision to request a loan from Kiva lenders in the amount of 600,000 Armenian drams in order to buy two cows and some sheep.
This will be Alvard's second loan from Nor Horizon and she is considered a very responsible and trustworthy client.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
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