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Marat
Marat has been running an agricultural business for more than 14 years. On his farm Marat is raising three cows, four calves, five sheep, a pig and 20 chickens as well. Also he grows potatoes for sale. He sells dairy products to re-sellers and meat to butchers' shops. Marat’s wife helps him in farming a lot and thus they are able to support their family.

Marat is 40 years old; he is married and has a small son. Marat is a cook and simultaneously with farming he works at a school as a logistics manager.
This is Marat’s second loan from Nor Horizon and now he needs a $ 2,000 loan to buy fodder for his farm animals and also potato seedlings ahead of sowing season.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 169
    View loans »
    Armenia Loans Fundraising
  • $13,267,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Marat to buy fodder for his farm animals and also potato seedlings ahead of sowing season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013