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Harutyun
Harutyun is 52 years old. He lives with his wife, a son and a daughter in Tsakhkunk village, in the Sevan area. He graduated from Sevan Vocational and training school, in the department of agricultural machines. He worked as a tractor mechanic for a long time.

For more than 20 years, Harutyun and his family have been engaged in an agricultural business. With joint effort they breed four cows and some sheep. They also have a plot of land which they use as a pasture for their farm animals. They produce milk, cheese and butter which Harutyun sells at the food market and he also sells meat to butchers.

This is Harutyun’s third loan from Nor Horizon and he always repays his loans according to repayment schedules. Now he is seeking a 500,000 AMD loan to buy a horse and also to buy fodder for his farm animals, which will simplify his sending his cows and sheep to grass.

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
  • 106
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 389.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Harutyun to buy fodder for his farm animals and also a horse.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013