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Valerik
Valerik N. was born in 1968 in Kapan. He is an electrician, and worked for several years at his specialty. Now he works in an oxygen filling station as an operator.

At the same time, Valerik is engaged in stock farming and growing crops, which he manages with his own funds. He breeds cows and chickens on his farm and raises oats, which he uses as fodder for his farm animals. Valerik needs 350,000 AMD to buy diesel oil and seed for his farm.

Valerik is married and has two children: his son is school-aged and his daughter is a student. Valerik uses part of his profit for his daughter's education at an institute.

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

  • $6,400
    Average annual income
  • 171
    View loans »
    Armenia Loans Fundraising
  • $13,224,950
    Funds lent in using Kiva
  • 375.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Valerik to buy diesel oil and seed for his farm.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2010
Listed
Feb 3, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2011