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Garun
Garun is 37 years old. He lives in Tsovagygh village in the Sevan area, with his wife, two children and his parents.

Garun’s wife stays at home and takes care of their one- and two-year-old daughters.

Garun and his parents have been engaged in cattle-breeding since 1998. On their farms Garun and his parents breed cows, calves and bull calves as well. They sell milk to procurement agencies and sell beef to butchers. The sale of agricultural produce allows Garun to support his family.

Garun intends to develop his farm and start to breed sheep. Therefore, he is asking for a 1,000,000 AMD loan to buy 10 sheep and also five calves for his farm. Garun is sure that developing his farm will lead to higher profits in the future.

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
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 374.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Garun to buy 10 sheep and also five calves for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013