In his farm, Artak cares for six cows, four heifers, five calves and twenty-five chickens. He also, together with his parents, cultivates their plot of land. They raise vegetables, and fruit and nut trees (e.g., apple, pear, plum, and hazelnut). They perfectly manage to sell products of their farm, including dairy products, eggs and fruits. With the income earned by farming, Artak has already bought some furniture for the house.
Now Artak wants to start a beekeeping business. Therefore, he asks for a loan, with which he will buy ten bee hives and some animal fodder. He hopes very much that this loan will surely enlarge his family income, and improve their living conditions.
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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This loan has been fully funded!