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Sosik
Sosik S. lives in Vardavank village, Kapan area with his wife. His three children are already married and live separately from their parents. Sosik has a secondary school education and now he works in a private household as a hired worker. At the same time he has his own farm, where he raises sheep, cows, goats and pigs. Sosik's wife helps him a lot in this laborious work, and thanks to their farming, Sosik and his wife support their family and their farm.

Sosik is asking for a 600,000 AMD loan to buy 12 ewes for his farm. Expanding his herd of livestock will allow him to develop his farm and to earn more profit.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 363.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Sosik to buy 12 ewes for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011