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Hamazasp is 59 years old and he lives in Geghamavan village, in the Sevan area with his wife. Hamazasp's son has seasonal work in Russia and Hamazasp's wife stays at home. Hamazasp worked at an illuminating glass factory as a senior guard for 11 years. After that, he bred pigs, and since 2004, he has been engaged in raising cattle. His wife helps him in animal breeding. They work very hard from early morning until late evening. Thus, they support themselves. This is Hamazasp's fourth loan from Nor Horizon and now he needs a 1,100,000 AMD loan to buy a large lot of fodder and to buy one more cow for his farm. His future income Hamazasp intends to spend for renewing his pig breeding business.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 368.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hamazasp to buy a large lot of fodder and to buy one more cow.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jul 11, 2011
Jul 14, 2011
Currency Exchange Loss:
Feb 17, 2014