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Manvel
Manvel G. was born in 1965. He lives and works in Yegheg village, in the Kapan area. He is the manager of a household village school. Manvel is married and has 3 children: 2 sons and a daughter. One of his sons serves in the Armenian Army, and the second one studies at the Kapan Agricultural Institute in the juridical department. His daughter will finish high school next year. Manvel’s wife is a nurse at a hospital. All of Manvel’s family is engaged in bee-keeping. Bee-keeping takes a lot of time for its upkeep and development; in the summer months it requires approximately 8 hours per day, and in the other seasons 4 hours per day, but Manvel is not afraid of difficulties and he is very proud of his business. To increase his family’s annual income, Manvel needs a 1,050,000 AMD loan to buy a pickup truck to move his bee families from place to place depending on the season.

Additional Information

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.

For more information about “Nor Horizon,” please visit the partner page or website.

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About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 383.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Manvel to buy a pickup truck.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 15, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013