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Karen is 21 years old. He lives in Ddmashen village in area of Sevan with his family, which consists of his parents, his brother and two sisters.

Karen’s family have been engaged in farming for a long time. He and his family breed cattle, sheep and chickens on their farm. Thanks to this occupation they provide for their family’s needs, and were even able to buy a tractor.

Karen needs a loan for 800,000 AMD to buy a grain-binder for his tractor, which will help him sheaf fodder for his farm animals.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 374.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Karen to buy a grain-binder for his tractor.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 23, 2011
May 25, 2011
Currency Exchange Loss:
Dec 15, 2012