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Vazgen
Vazgen G. was born in 1976. He lives in Gandzakar village in the Ijevan area with his parents, his wife and his newborn baby. Vazgen is a policeman and, simultaneously with his permanent work, Vazgen engages in land cultivation, cattle breeding and swine breeding. He says cattle breeding is more profitable than land cultivation and swine breeding, thus thanks to profit from cattle-breeding, Vazgen solves most parts of his family’s needs.

Vazgen asks for an 800.000 Armenian Dram loan to buy some calves for his farm and fodder for his farm animals. Vazgen is on his fifth loan cycle as a client with Nor Horizon and he has never delayed his repayments.

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
  • 117
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • 360.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Vazgen to buy some calves for his farm and fodder for his farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2010
Listed
Oct 7, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2011