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Rashid
Rashid is 44 years old and he lives in Aknaghbyur village of Tavush area. Rashid lives with his mother and his brother’s family.
Rashid and his family engage in cattle and chicken breeding, beekeeping and land cultivation. Rashid’s mother is retiree, but she also helps her sons with their farming. Thanks to profit from their occupation they solve their family’s needs.
Rashid asks for a 700.000 AMD loan to improve his harvesting process and will use the funds to buy a fuel for his harvesting machine, to pay for mowed hay transportation from field to his farm, and also to pay a rent to village administration for a plot of land, because hay from his own field doesn't enough for his farm animals, as well as to buy 3 or 4 bee families.

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

  • $6,400
    Average annual income
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • 373.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Rashid to pay for fuel for harvesting machine, to pay a rent for a plot of land, and to buy 3 or 4 bee families.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 11, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013