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Armen is 26 years old; he lives in Kapan. After finishing middle school in Kapan, Armen entered and graduated from Yerevan State University (Radiophysics Department). At this time, Armen works as an electrician and lives in the village of Tsav in the Syunik province. Armen is unmarried and lives with his parents. Armen and his family have been in agriculture for the past 7 years. They have their own small piece of land and lease some more land, on which they grow apples, pears, potatoes and cabbage for sale. Besides growing crops, Armen and his family raise livestock, raising cattle and chickens. With his parents, Armen sells the vegetables in the Syunik regional market, but his regular customers buy meat, milk, eggs, fruit and vegetables directly from his home. Aren is requesting a loan of 1,000,000 dram to buy new varieties of potatoes to sow and to prepare for the sowing season (purchase diesel fuel, fertilizer, etc.)
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Армену 26 лет; он живет в городе Капане. После окончания капанской средней школы, Армен поступил и окончил в Ереванский Государственный Университет (факультет радиофизики).
В данный момент Армен работает электриком и проживает в селе Цав, Сьюникского региона. Армен не женат и живет вместе с родителями.
Сельскохозяйственным бизнесом Армен и его семья занимается уже на протяжении 7 лет. У них есть небольшой собственный участок, а также арендованный земельный участок, на которых они выращивает яблоки, груши, картошку и капусту на продажу. Кроме растениеводства, Армен и его семья занимаются животноводством: разводят крупный рогатый скот и кур.
Вместе с родителями Армен реализует выращенные овощи на рынках Сьюникской области, а мясо, молоко, яйца, фрукты и оставшиеся овощи у него покупают постоянные скупщики прямо из дома.
Армену нужен кредит в 1.000.000 армянских драм, для покупки нового сорта картофеля для засева и организации посевных работ (покупки дизельного топлива, удобрений и т.д.).

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    Funds lent in using Kiva
  • 383.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Armen to buy potato seedlings, fuel and fertilizer.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Nov 21, 2011
Currency Exchange Loss:
Nov 18, 2013