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Mikayel
Mikayel V. is 28 years old and lives in Khashtarak village, Ijevan area, with his parents. Mikayel works as a contract serviceman for the Ministry of Defense's system. At the same time Mikayel and his family are engaged in cattle-breeding, swine breeding, bee-keeping and land cultivation. In their farm they have two cows, two calves, two pigs, four rabbits, some hens and turkey hens, and five beehives. With incomes from farming Mikayel and his family solve their everyday needs and they hope to increase their farm in future. Mikayel asks for a 350,000 AMD loan to buy fodder for his farm animals.

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.

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About Armenia

  • $6,400
    Average annual income
  • 117
    View loans »
    Armenia Loans Fundraising
  • $12,855,825
    Funds lent in using Kiva
  • 363.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Mikayel to buy fodder for his farm animals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2010
Listed
Jul 21, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011