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Karen is 42 years old. He lives in the Aknaghbyur village in the Tavush region. Karen's wife works as a chemistry teacher at a secondary school, daughters attend a paid division of the Yerevan Pedagogy Institute, and son attends a secondary school. Karen works in the village administration. Concurrently with his permanent job, Karen is involved in agriculture. He breeds cattle, grows vegetables and fruits, grapes, and grows animal feed in the field for his two cows and two calves. Karen leaves a portion of grown agricultural products for his family and sells the rest to his neighbors and buyers from neighboring villages and towns. Karen needs a loan in the sum of 1,000,000 dram in order to build a greenhouse, where he plans to grow tomatoes, cucumbers and other vegetables for sale, which will increase Karen's family income and allow him to pay for his daughters' education in the institute.
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Карену 42 года и он проживает в селе Акнахбюр (Aknaghbyur), Тавушского региона.
Жена Карена работает учительницей химии в средней школе, дочери учатся в Ереванском Педагогическом Институте на платном отделении, а сын учится в средней школе. Сам Карен работает в сельской администрации.
Одновременно со своей постоянной работой, Карен занимается сельским хозяйством: разводит коров, выращивает овощи и фрукты, виноград, а на поле выращивает корм для своих двух коров и двоих телят. Часть полученной продукции Карен оставляет для своей семьи, а остальное продает своим односельчанам и скупщикам из соседних деревень и городов.
Карену необходим кредит на сумму 1.000.000 драм для сооружения теплицы, в которой он намеревается выращивать помидоры, огурцы и другие овощи для продажи, что увеличит доход семьи Карена и позволит ему платить за обучение дочерей в институте.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • 367.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Karen to build a greenhouse.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Aug 22, 2011
Aug 23, 2011
Currency Exchange Loss:
Dec 15, 2012