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Artak is engaged in animal husbandry and land cultivation in Vazashen village, Tavush region. He rears cows, calves, pigs, and two horses as well. Artak produces meat, milk and butter, which he sells in his village. He also grows figs, Oriental persimmons and nuts to sell. Artak grows vegetables for his family’s use. He has two trucks which he and his father use to transport produce and cows and calves in the mountains. He fulfills private orders for transportation as well.

Thanks to his occupations, Artak supports his family and he was also able to pay for his sisters’ education, organize his wedding, repair his house, buy necessary furniture, and buy two trucks.

Artak is 27 years old. He lives in Vazashen village with his parents, two sisters and his wife. Artak’s parents help him with his agricultural activities. His elder sister is a teacher at school. His wife and younger sister are jobless.

Artak is asking for a 600,000 dram loan to buy a large lot of fodder for his farm animals.

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 413.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Artak to buy a large lot of fodder for his farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014