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Andranik
Andranik has been engaged in beekeeping and gardening for 16 years. Andranik sells the honey he produces from his home. He uses the fruit from his garden for his family. Also Andranik grows ornamental trees, especially firs. Andranik says that the main customers for ornamental trees are from Yerevan, as they always order many trees from Andranik.

Andranik is 44 years old; he is married and lives with his wife and 3 school-aged children in Ijevan. Andranik’s wife helps him in beekeeping and with joint effort they produce high quality honey which is always in popular demand. Simultaneously with beekeeping and gardening Andranik works as a boxing teacher at a sports school. Thanks to his occupation Andranik is able to support his big family.

Andranik is seeking a 600,000 Armenian dram loan to buy some more bee families, which will allow him to produce more honey in future and thus to increase his family's income.

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

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 392.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Andranik to buy some more bee families, which will allow him to produce more honey in future.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014