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Manuk
Manuk is 22 years old. He lives in Tsovagyugh village in the Sevan area with his parents and his brother. Manuk is studying by correspondence at Yerevan State Economic University, and at the same time Manuk and his family members are engaged in animal breeding. They have a plot of land where they raise cows, pigs and chickens. The main line of their business is cattle breeding, so they produce a large amount of milk, which they sell to a procurement agency, and meat that they sell to butcher shops.

Thanks to farming, Manuk and his family provide for themselves and pay for Manuk’s education. To increase the family’s income Manuk intends to develop his farm, and so he is seeking a 1,000,000 AMD loan to buy 3 more cows.

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
  • 163
    View loans »
    Armenia Loans Fundraising
  • $13,808,800
    Funds lent in using Kiva
  • 383.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Manuk to buy 3 more cows for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013