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Vachik, 51 years old, lives in Geghamavan village, Sevan, with his wife. Vachik’s children are married and they live separately from their parents. Vachik worked for a long time at the Gagarin village light-technical factory and then was engaged in shoe and cup production. In 2006, Vachik began an agricultural business. He has 4 cows and some sheep on his farm. As Vachik’s wife is jobless, she helps her husband with the farming. They produce butter and cheese and sell them, along with beef and lamb, in their village. Farming allows Vachik to provide for his family and support his children’s families as well. Vachik intends to develop his farm, so he is seeking a 1,100,000 AMD loan to buy 3 more cows for his farm. This will allow Vachik to produce more butter and cheese and thus to increase his family’s income in the 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.

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About Armenia

  • $6,300
    Average annual income
  • 116
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 382.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Vachik to buy 3 more cows for his farm.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 9, 2011
Dec 13, 2011
Currency Exchange Loss:
Feb 17, 2014