Martik says that during a year they are mainly busy with farming, but sometimes, because they lack money and have a lot of unsolved financial problems, he and his younger son travel to Russian Federation. There, they do some construction work, in order to make their family income a little bit bigger. Their farm is not big; they have two cows, two calves, two piglets and twenty chickens. From their plot of land they gather hay for their farm cattle. They also cultivate vegetables, which they use for their own meals.
Martik greatly wants to make his farm bigger, and he asks a loan of 700,000 Armenian drams. He will use this amount to buy two more piglets and animal fodder.
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.
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This loan has been fully funded!