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Papin
Papin M. is 52 years old. He lives in Zovaber village, an area of Sevan, with his wife and his two sons. Papin’s wife works at a village school as a foreign language teacher. His elder son is jobless and his youngest son is a student. Papin worked as an engineer for a long time and since 2000, he has been engaged in farming. Papin raises cows, sheep, pigs and chickens and he grows potatoes. His wife helps him a lot and so they keep their family and pay for their youngest son’s education. Papin is asking for a 1,000,000 AMD loan to buy potato seedlings 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.

For more information about “Nor Horizon,” please visit the partner page or website.

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About Armenia

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,409,950
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Papin to buy potato seedlings for his farm.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013