Karlen has a specialty of locksmith, but he has never worked in this specialty. He and his wife are engaged in farming and agriculture. No matter how hard they work, the income does not cover the needs of both their family and farm. They have a plot of land on which they cultivate vegetables (potatoes, tomatoes, and cucumbers) and they also have a trim farm where they keep four cows, two bulls, two calves, ten sheep, five lambs and ten chickens.
Karlen plans to cultivate a lot of potatoes, and he has requested a loan of 800,000 Armenian drams to buy potato seedling. He would also like to buy animal fodder. On this occasion Kiva comes to be the best and the only and trustful partner for them.
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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