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Armen is 33 years old. He lives with his mother in Ddmashen village, Sevan area. Since 2003 Armen has been working for the police and at the same time he and his mother are engaged in land cultivation and animal breeding.

Armen and his mother breed cows, sheep, pigs, and chickens. He sells the produced dairy products to fellow villagers, and the meat to butchers. He uses the rest of the agricultural produce for his family's needs. He also grows wheat and oats, which he uses as fodder for his farm animals. Thanks to farming, Armen provides for his family and now he intends to buy three more cows. This will help him to sell more dairy products and thus to increase his family income in the future. Therefore, he needs a loan of 1,000,000 Armenia drams (AMD).

This is Armen’s third loan from Nor Horizon and he has never been delayed in his repayments.

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
  • 372.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Armen to buy three more cows for his farm.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Oct 9, 2011
Currency Exchange Loss:
Apr 16, 2014