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Suren
Suren is 37 years old, and he lives in the Achajur village in the Tavush area with his wife, his five-year-old son, and his mother. Suren’s mother is a retiree, and his wife is a housewife.

Suren is a laborer, and he and his family are also engaged in land cultivation and animal husbandry. On their farm, they have two cows, two pigs, a donkey, and some chickens. They also grow wheat, fruits, and vegetables. They use the majority of their produce for family consumption, and they sell the rest to their fellow villagers.

Thanks to income from farming, Suren provides for his family. He intends to develop his farm, so he is asking for an 800,000 AMD loan to buy four calves. This will allow Suren 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

  • $6,400
    Average annual income
  • 180
    View loans »
    Armenia Loans Fundraising
  • $13,004,250
    Funds lent in using Kiva
  • 388.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Suren to buy four calves for his farm.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014