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Hambardzum is 24 years old and he lives in Zovaber village, an area of Sevan, with his parents and his brother.

For a while, Hambardzum worked as a builder. After that he became involved in farming.

On his farm he has cows, sheep, pigs and chickens. Hambardzum’s family members help him in farming and so they meet their family’s needs
Hambardzum intends to grow potatoes on his farm and therefore he is asking for a 1,000,000 AMD loan, which he will use to buy potato seedlings, fertilizer and diesel fuel.

This is Hambardzum’s second loan from Nor Horizon.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 374.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Hambardzum to buy potato seedlings, fertilizer and diesel fuel.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 19, 2011
May 25, 2011
Currency Exchange Loss:
Dec 17, 2013