Funded

Total loan: $2,625
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Manuk

Armenia
Sevan, Armenia / Livestock

A loan of $2,625 helped to buy 3 more cows for his farm.


Manuk's story

Manuk is 22 years old. He lives in Tsovagyugh village in the Sevan area with his parents and his brother. Manuk is studying by correspondence at Yerevan State Economic University, and at the same time Manuk and his family members are engaged in animal breeding. They have a plot of land where they raise cows, pigs and chickens. The main line of their business is cattle breeding, so they produce a large amount of milk, which they sell to a procurement agency, and meat that they sell to butcher shops.

Thanks to farming, Manuk and his family provide for themselves and pay for Manuk’s education. To increase the family’s income Manuk intends to develop his farm, and so he is seeking a 1,000,000 AMD loan to buy 3 more cows.



Loan details

Loan length:

26 months
Disbursed date: November 24, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: November 24, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company