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Karen
Karen was born in 1979. He lives in Sevkar village, Tavush marz, with his parents, his wife, and his three children: two daughters and a son.
Since 1985 Karen’s family has engaged in stock-raising, bee-keeping and land cultivation. With the profits from farming they supported their family, bought furniture and constructed a new cow-house.

Also Karen is also involved in charcoal production, which is allowing him to increase his family income. This is Karen’s second loan from Nor Horizon and Kiva and now he is asking for a 700.000 AMD to buy some calves for his farm and also 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.

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
  • 88
    View loans »
    Armenia Loans Fundraising
  • $12,668,425
    Funds lent in using Kiva
  • 376.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Karen to buy some calves for his farm and also fodder for his farm animals.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2011
Listed
Jun 16, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013