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Gagik S. is 55 years old and lives in Chapni village, Kapan area, with his wife and two children: a son and a daughter.

Gagik’s family members are all engaged in beekeeping which, in summer time, takes about fourteen hours per day. Thanks to beekeeping, Gagik solves his family needs. Also he sells bees to fellow villagers and helps them to take care of them.

Gagik asks for a 700,000 AMD loan to buy wax papers, frames and sugar for his beehives.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 385.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Gagik to buy wax papers, frames and sugar for his beehives.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 15, 2010
Apr 1, 2010
Currency Exchange Loss:
Feb 20, 2011