Davit is engaged in farming, including keeping 15 piglets and 12 chickens, at present. The profits from farming have helped him very much, to cover the expenses of his marriage party and of buying furniture for their house. Davit manages swine breeding, and he wants to try his luck in beekeeping with the hope of increasing the family's income. That is why he asks a loan of 600,000 Armenian drams, which he will use to buy a lot of fodder for piglets and five beehives. This is Davit’s first deal with Kiva lenders, but his mother has already once taken a loan from Nor Horizon. His mother paid back her loan without any delays, so his mother is a perfect example for him of being responsible and punctual.
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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