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Arman M. was born in 1986. He lives in Sevkar village, in the Ijevan area, with his wife, his parents, and a brother.

After serving in the Armenian army, Arman joined his family's business. Specifically, he and his family are engaged in cattle-breeding, beekeeping, and farming. Arman says that farming is a very hard business, not only because it is labor-intensive, but also because he has to defend the beehives from bears, who sometimes steal them from the villagers. Since last month Arman has also worked as a truck driver to supplement his income while he continues with his farming operations.

This would be Arman’s second loan from both Kiva and Nor Horizon. He is seeking a loan in the amount of 600,000 AMD ($1,600) to buy some calves for his farm and to increase the number of his beehives.

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

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 376.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Arman to buy calves for his farm and to expand his beekeeping operations.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 13, 2011
Apr 14, 2011
Currency Exchange Loss:
Nov 15, 2012