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Aghabek
Aghabek is 62 years old and lives in Tsakhkunk village in the Sevan area with his wife. Aghabek’s children are married and live separately from their parents. For a long time, Aghabek worked at a state-owned cattle farm as a farm worker.

Aghabek and his wife have been farming for over 18 years and they say they like that occupation very much. On their own farm they breed cows and sheep. Thanks to his farming Aghabek was able to buy a truck, which he uses to deliver fodder for his farm animals.

Aghabek is asking from Kiva lenders a loan for 500,000 AMD, which he will use to buy 8 or 10 calves. That will allow him to expand his farm and 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
  • 92
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 373.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Aghabek to buy calves for his cattle farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012