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Edgar
Edgar, age 26, has been engaged in an agricultural business, specifically animal breeding, for about six years. He lives in Ddmashen village in the Sevan area with his parents, his brother, and his sister. All the members of Edgar's family help him with his business. The family owns their own plot of land, where Edgar breeds cows, pigs, chickens, and lambs. The milk is used for family needs, but the meat is sold to local meat dealers.

Edgar is a graduate of Sevan Industry Technical School, where he specialized in the area of road transport. Edgar’s father works as a dyer. His mother maintains the home but does not otherwise work. His sister has graduated from medical college but is as yet unemployed. His brother has recently returned from the army and is also unemployed for the moment.

Edgar has decided to add to his number of animals. This addition will help him to grow his farming business. He has requested a 1,000,000 AMD loan to buy a cow and purchase pig fodder. Adding a cow will help develop the business and add to the family's milk production.

Edgar is a second-level client in Nor Horizon and has never been delayed in his loan repayments.

Edgar is a very hard-working person and he likes his farming business very much. Thanks to his farming income, Edgar helps to support the family and is committed to improving the family's living conditions.

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
  • 120
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 375.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Edgar to buy a cow and purchase pig fodder.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Oct 23, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012