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Gagik, age 50, lives in Ddmashen village in the Sevan area with his mother, wife, son, and daughter. Gagik’s mother is a pensioner and his wife is unemployed. His daughter is a nurse, but at present she is working as a shop assistant. Gagik’s son is a student at the Gavar branch of Yerevan State University. Gagik himself graduated from Yerevan water conservation technical school, and after that he worked at different organizations. Now he is a pensioner.

Since 2010, Gagik has been engaged in farming. On his farm he has four cows, two calves, and 20 chickens. Part of his agricultural produce (milk, meat, and eggs) he sells to his neighbors. Gagik’s wife helps him a lot and thus they provide for their family and pay for their son’s education.

This is Gagik’s third loan from Nor Horizon and he has never been delayed in his repayments. Now he is asking for a 1,000,000 AMD loan in order to buy fodder for his farm animals, and he will also purchase a number of sheep, which will allow Gagik to develop his farm and to increase his family’s income.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 384.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Gagik to buy fodder for his farm animals and to buy a number of sheep.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 22, 2011
Nov 25, 2011
Currency Exchange Loss:
Apr 16, 2014