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Karen
Karen N. was born in 1987. He lives in Ijevan city with his family. After graduating from Yerevan State University’s Ijevan branch, Karen works at Tavush Construction LLC as an accountant.

Since 2007, Karen and his family have engaged in beekeeping. Thanks to the income from beekeeping, Karen paid for his education and bought furniture for his house. He says his business is very hard, but at the same time it is very interesting for him.

Now Karen seeks a loan of 900.000 Armenian Drams to buy 15 beehives for his business.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,300
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • 363.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Karen to buy 15 beehives for his business.
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:
Mar 15, 2012