Mkhitar works at a stone workshop as a smoother and he also, together with his wife, is engaged in farming. There was a time when their farm was richer and bigger and Mkhitar did all the work with his parents, but suddenly his parents had some health problems and in order to pay for their medicine and treatments, Mkhitar had to sell some part of their farm cattle. As he says, fortunately all those difficulties are in the past and his parents are healthy.
Today he is doing his best to make his farm richer. On his farm he has cows, calves, a bull and chickens. The barn for all of it he has built on his own. He manages to sell a lot of milk, meat and eggs at the wholesaler in their city and this income is a great support for his large family.
Mkhitar asks for a loan of 700,000 Armenian drams in order to buy several piglets and a lot of animal fodder since he wants to make it as great and as rich as it used to be before.
More information about this loan
This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.
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.
To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
126View loans »
This loan has been fully funded!