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Gagik
Gagik is 50 years old and lives in the village of Zovaber in Sevan with his wife and only son. Gagik’s wife stays at home and does housework, and his son attends a school. Gagik is a tractor driver and for many years has worked as a driver for different organizations. Since 1992, Gagik has been engaged in an agricultural business; on his farm Gagik breeds two cows, two goats, sheep and chickens. He also grows potatoes, carrots, cabbages, etc. Gagik’s wife helps him a lot and they sell the agricultural products at the market. Thanks to farming, Gagik and his wife are able to provide for their family. Gagik needs a 400.000 AMD loan to buy potato seed grains and fertilizer for his farm.

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

  • $6,400
    Average annual income
  • 126
    View loans »
    Armenia Loans Fundraising
  • $12,898,900
    Funds lent in using Kiva
  • 388.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Gagik to buy potato seed grains and fertilizer for his farm.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013