Grigor has a nice orchard with apple, plum, peach and pear trees which bear rich and sweet fruit. He also has several nut trees. Grigor sells his harvest at the local wholesale market. Using mulberries, his wife makes sujukh, a popular Armenian sweet in which threaded walnuts are dipped in a syrup spiced with cardamom, cinnamon, cloves, etc., then dried. It sells out very quickly to local children and visitors to the village.
While he has his orchard, Grigor would like to start raising cattle. He is applying for a 700,000 AMD loan through Nor Horizon to build a barn and buy cattle. He would like to make more money for his family through this venture.
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!