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Albert is 39 years old. He lives in the village of Lchashen, in the Gegharkunik region, with his mother, his wife and two young daughters. Albert's mother is an invalid, and his wife teaches at a rural school, but at the moment is on maternity leave. After graduating from high school, Albert lived in Russia for many years, and on his return to Armenia he took a job at the Sevan bread factory as a baker. Along with his work at the bakery, Albert is engaged in agriculture. He breeds cows, sheep and pigs, and he grows potatoes. The family's primary income comes from the sale of agricultural products, which enables him to support his family. Albert needs a loan of 500,000 drams to purchase feed for livestock, as well as to buy a few calves that will help him in the future to increase his family's income.
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Алберту 39 лет, он живет в деревне Лчашен, Гегаркуникского региона, вместе со своей матерью, женой и двумя маленькими дочками. Мать Алберта инвалид II группы, жена преподает в сельской школе, но в данный момент находиться в декретном отпуске.
После окончания средней школы, Алберт в течение долгих лет жил в России, а по возвращении в Армению устроился на работу на Севанский хлебозавод пекарем. Параллельно со своей работой на хлебозаводе, Алберт занимается сельским хозяйством: разводит коров, овец и свиней, а также выращивает картофель. Основной доход семье Алберта приносит продажа сельскохозяйственной продукции, что и дает ему возможность содержать свою семью.
Алберту необходим кредит на сумму 500.000 драм на покупку корма для скота, а также для покупки нескольких телят, что в будущем поможет ему увеличить доход своей семьи.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 365.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Albert to buy fodder for his farm animals and buy some more calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 27, 2011
Jul 27, 2011
Currency Exchange Loss:
Jul 17, 2013