Hovakim is a good and wise person and also a very skilled farmer. Together with his wife, he takes care of their farm and they are also engaged in bee keeping. They have six cows, eight calves, ten sheep, ten piglets, twenty chickens and forty beehives. They sell a great range of farm products such as meat, dairy products, eggs, honey etc. Thanks to his hard work and savings of several years, Hovakim has bought some furniture for his house, a computer and car for his family.
For Hovakim, as for any farmer, coming of winter brings a lot of problems and worries about how to provide the cattle with fodder and warmth. Therefore, Hovakim asks for a loan of 400,000 Armenian Drams in order to buy a lot of fodder for his cattle and also to prepare his beehives for winter protecting them from the cold.
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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Success!! The loan was 100% repaid