Check out other loans that are currently fundraising!
Gagik
Gagik V. was born in 1970. He is married with two daughters. Gagik’s older daughter is a student, and younger one is a pupil. For over 20 years Gagik has been a bee keeper in Nerkin Hand village, an area of Kapan. He likes his occupation very much and therefore works very hard. Gagik sells his honey to villagers, and also distributes honey to Kapan and Yerevan cities. Thanks to his business income Gagik provides for his family’s needs and pays for his older daughter’s education.
Gagik needs a 600,000 AMD loan to increase the number of his bee hives, and also to buy wax paper and frames for his business. This is Gagik’s fifth loan from Nor Horizon. 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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 133
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 376.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Gagik to increase his number of bee hives, and also to buy wax papers and frames.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2011
Listed
Apr 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013