Susanna has no higher education, and for many years, she worked as a milkmaid at the village farm. Now she has established her own farm; in her farm she has two cows, two calves, a pig, seven sheep and 40 chickens. She also raises potatoes on her plot of land. She sells all her farm products at the city wholesale market.
Susanna asks a loan of 800,000 Armenian drams in order to make a surprise for her husband and buy a car for him. He needs the car greatly, since very often he goes to different regions to do his work, and sometimes, he spends more money on roads than he earns for his family.
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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Success!! The loan was 100% repaid