Arman has a farm where he breeds pigs, turkeys, chickens and rabbits. Also he grows wheat. He sells pork, eggs, chicken and turkey meat to bulk buyers. But Arman's principal source of income is fodder threshing: his fellow villagers bring fodder to him and Arman grinds it for a fee. Thanks to his occupations Arman has been able to sustain his family, buy necessary furniture, and repair his house.
Arman says that selling ground fodder is more profitable than just grind it for a fee. So he decided to buy a large lot of fodder, grind it and sell it. Therefore he asks for an 800,000 Armenian Dram (AMD) loan. This is Arman's third loan from Nor Horizon and he has never delayed his repayments.
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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