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Gurgen
Gurgen is 39 years old; he lives in Ddmashen village, Sevan area, with his mother, his wife and two under-age sons.

Over 15 years Gurgen has engaged in farming: animal breeding and land cultivation. On his farm he rears cows, sheep and chickens. Gurgen’s wife and mother, who is already a pensioner, help him in his hard occupation and thus they are able to support their family.

Gurgen wants to develop his farm, which will allow him to increase his family’s income in future. For his farm development, Gurgen is asking for a 1.000.000 AMD loan, which he is going to spend on10 sheep and fodder. This is his 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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    Funds lent in using Kiva
  • 373.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Gurgen to buy 10 sheep and fodder.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013