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Artur is 37 years old. He lives in Tsovagyugh village, Sevan area, with his parents, his wife and three small children: two sons and a daughter. Artur’s parents are pensioners; his wife stays at home and takes care of their children.

For about five years Artur worked as a tunneller, but now he is engaged in farming. He has been running his farm for 11 years now, which is how he provides for his large family. On his farm Artur rears 4 cows, 4 calves and 20 chickens. Artur sells agricultural produce from his farm to his regular buyers. His wife helps him as far as possible.

Artur is seeking a loan of 600,000 AMD to buy some sheep and two more calves for his farm. This will allow Artur to develop his farm and thus to increase his family’s income in the near future.

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
  • 134
    View loans »
    Armenia Loans Fundraising
  • $14,328,850
    Funds lent in using Kiva
  • 383.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Artur to buy some sheep and two more calves for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 2, 2011
Dec 7, 2011
Currency Exchange Loss:
Sep 17, 2013