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Shahen
Shahen was born in 1960. He is married and has two children — a son and a daughter. His children are both married. His daughter lives separately from her parents. Shahen's son, along with his family, lives with Shahen in the Tavush region. Shahen’s wife works at school as a librarian. His son and daughter-in-law are both jobless.

Shahen works as a machine operator, and, at the same time, he and his family are engaged in land cultivation and beekeeping. They grow fruits and vegetables, including plums, apples, pears, tomatoes, cucumbers, potatoes, and onions. They use some of the fruits, vegetables, and honey for the family. They sell the rest of the honey to fellow villagers.

To increase his family’s income, Shahen intends to lay out a garden, where he will grow persimmons and figs to sell. Therefore, Shahen is seeking a 1,000,000 AMD loan to re-fence his garden and to buy tree seedlings. This is Shahen's second loan from Nor Horizon.

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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 384.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Shahen to re-fence his garden and to buy tree seedlings.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014