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Armen
Armen was born and lives in Geghamavan village in the Sevan area with his wife, daughter and parents. Armen is 26 years old and has been engaged in animal breeding and bee keeping businesses. He keeps cows, pigs, sheep, turkeys and chickens.

Armen also produces and sells cement blocks for construction, but his main income is from his farming. Armen’s parents and wife help him to sell meat, milk and honey in their regional markets.

Armen has received loans from Nor Horizon three times and has never delayed his repayments.

Armen asks from Kiva 1,000,000 AMD loan to increase the number of his bee families.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 182
    View loans »
    Armenia Loans Fundraising
  • $13,239,150
    Funds lent in using Kiva
  • 379.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Armen to increase the number of his bee families.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014