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Armen
Armen lives in Ddmashen village, an area of Sevan, where he has his own farm. On that farm he grows potatoes and breeds farm animals such as cows, calves, sheep, pigs and chickens. Thanks to his farming profit, Armen supports his big family, which consists of his parents, his wife and his three children.

Armen is 34 years old and he has been engaged in farming for over 12 years.

This is his second loan from Nor Horizon, and now he needs a 600,000 AMD loan to buy potato seedlings and fertilizer for his farm.

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

  • $6,300
    Average annual income
  • 91
    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 $1,625 helped Armen to buy potato seedlings and fertilizer for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013