In the village, the only source of income for Astghik’s family is from farming and agriculture. Astghik has five cows on her farm, and on her plot of land she cultivates potatoes. Her husband’s parents help her a little, but they are already old and unhealthy, so mainly she manages everything about the farm alone. She sells her farm milk and macun (Armenian national dairy product) to the village people.
In order for get ready for spring sowing activities and to buy new type of potato seedlings and some fertilizer, Astghik asks a loan of 200,000 Armenian drams.
Beforehand, she thanks Kiva for the support, which will be of great use for her farm.
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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Success!! The loan was 100% repaid