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Babken S. lives in Ddmashen village in the Sevan area with his wife, his mother and his brother. Babken is 32 years old and for 10 years he has been running his own farm. Besides animal husbandry, Babken is also busy with beekeeping and he likes his occupation very much. His family helps him a lot on his farm and with this shared work they provide for their family.

Babken needs a 1,000,000 AMD loan to buy 20 beehives and bee colonies. This will allow him to increase his family’s income in the near future.

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
  • 150
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 371.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Babken to buy 20 beehives and bee colonies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 4, 2011
May 5, 2011
Currency Exchange Loss:
Apr 17, 2013