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Aghabek
Aghabek G. was born in 1971 in Ijevan city. He is married and has two sons, both are students. Aghabek’s wife is disabled person.
For several years Aghabek worked as an engineer and since this year he is working with the police.

Starting in 2010, Aghabek, simultaneously with his permanent job, has been growing plants in his own greenhouse and has also been beekeeping. In his greenhouse he raises watercress, coriander, green beans, etc., which he sells in the Ijevan market during the winter months. Thanks to incomes from all his occupations, Aghabek supports his family and pays for his son’s education.

Aghabek is asking for a 600,000 Armenian Dram (AMD) loan to construct a new greenhouse, where he will grow cucumbers, tomatoes and hot peppers. His future income will help Aghabek to pay his son’s educational fees.

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
  • 87
    View loans »
    Armenia Loans Fundraising
  • $12,645,800
    Funds lent in using Kiva
  • 364.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Aghabek to construct a new greenhouse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2011
Listed
Feb 10, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2011