In farming his wife helps greatly and they take care of two cows and forty chickens. For the farm Tatul’s wife sells milk, butter and eggs. Tatul also has a rich fruit garden with a harvest of figs, persimmons, apples and plums, which they sell to re-sellers. As Tatul says, the spring sowing period is very important time for any peasant family.
He is asking for a loan of 1,000,000 Armenian drams in order to buy tires for his tractor, and he also wants to change his tractor’s transmission box, so that he will keep his tractor in order to be able to do any agricultural work in his farm and by order for his neighbors as well.
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!