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Fatima has been engaged in gardening for a long time. Her husband helps her and with a joint effort they grow Oriental persimmons, figs, plums, mulberries, etc. in Aknaghbyur village (Tavush region). As their garden is not big they are able to sell fruits only in productive years. Therefore Fatima is seeking a 1.000.000 AMD loan to lay out a new, bigger garden. She will use her Kiva loan to buy young plants and fencing for the new garden. Fatima will sell fruits in Aknaghbyur as well as neighboring villages.

Fatima is 50 years old. She works at a school as an Armenian language and literature teacher. Her husband works in the village's administration. Fatima and her husband have 3 children: two sons and a daughter. Fatima's elder son lives and works in Yerevan. Her daughter is a student and gardening allows Fatima to pay for her daughter's education. Fatima's younger son is a pupil.

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
  • 105
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 406.3
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,475 helped Fatima to buy young plants and fencing for a new garden.
99% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 30, 2012
Jun 3, 2012
Currency Exchange Loss:
Dec 17, 2014