Check out other loans that are currently fundraising!
Mekhak
Mekhak is 42 years old, and he lives in the city of Vanadzor. He is married and has a daughter and a son. Mekhak’s wife is unemployed; his daughter is married and she lives separately from her parents; and his son is a student at a military academy in Yerevan.

For about eight years Mekhak has run his own business to support his family. He buys eggs and chickens from a poultry factory in the city of Arzni and distributes them to food markets and private entrepreneurs in Vanadzor, using his own truck. His brother helps him, so part of the business's income goes to Mekhak’s brother's family.

Mekhak is requesting his fifth loan from Nor Horizon. He is asking for a loan of 1,000,000 AMD to buy a large lot of eggs and chickens in order to fulfill his clients' New Year’s orders.

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

  • $6,300
    Average annual income
  • 154
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 381.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Mekhak to buy a large lot of eggs and chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012