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Karen
Karen B. and his family have engaged in animal breeding and bee keeping since 2004. Karen raises sheep, cows and calves, and also has five bee families. With his farming income Karen meets his family’s needs and increases his farming livestock. To increase his family’s profit, Karen asks for a 1.000.000 AMD loan to buy a mowing machine, which will allow him to work for hire on neighboring fields. Karen is 27 years old and lives in Geghamavan village, Gegharkunik marz, with his parents, his wife and two children.

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
  • 87
    View loans »
    Armenia Loans Fundraising
  • $12,645,800
    Funds lent in using Kiva
  • 372.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Karen to buy a mowing machine.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
May 12, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013