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Hovik H. is 46 years old and lives in Geghamavan village in the Sevan area. Hovik is married and has three sons. One of his sons is serving in the Armenian Army and the other sons are studying in Sevan technical secondary school. Hovik worked as a worker for about five years and as a driver for about eight years. Hovik has been engaged in farming for 15 years. On his farm he has cows, calves and sheep. His wife helps him in farming. With their income from animal husbandry, they keep their family and pay for their sons’ education.

Hovik needs a 400,000 AMD loan to buy two cows, which will help him to increase his family’s income.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hovik to buy two cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 14, 2010
May 1, 2010
Currency Exchange Loss:
Oct 15, 2010