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Gnel A. is 48 years old. He lives in Tsakhkunk village, an area of Sevan. Gnel has a higher education and for several years he worked as a mechanical engineer.
Since 1998, Gnel, his wife, and his son have engaged in farming. On their farm they raise cows, sheep and chickens. Gnel says farming is very laborious, but it allows him to meet his family’s needs.
Gnel and his family intend to enlarge their farm, which will allow them to increase their family's income in the future. Gnel is seeking a 1,000,000 AMD loan to buy some cows for his farm.

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

  • $6,300
    Average annual income
  • 104
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Gnel to buy some cows for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2011
Feb 25, 2011
Currency Exchange Loss:
Nov 15, 2012