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Vardan has been involved in an agricultural business for ten years. He leases a plot of land in the Kadjaran village in the Syunik region, where he grows vegetables and fruits, primarily potatoes, for sale. Vardan also grows fruits, such as pomegranates, figs and peaches, in the city of Meghri. He sells fruits and vegetables in the cities of Yerevan, Kapan and Kadjaran. Vardan also has a cultivator, with the help of which he plows soil for the residents of Kadjaran for pay. Vardan wants to buy a manual grass mower, which would allow him to cut hay also for pay in order to increase his family's income. This is why Vardan needs a loan in the amount of 650,000 dram. Vardan is 46 years old, and he lives in Kadjaran with his wife, daughter and son. Vardan's wife works at a Kadjaran factory, daughter recently finished school, and son still attends school.
View original language description ↓
Вардан занимается сельскохозяйственным бизнесом на протяжении 10 лет. Он арендует участок земли в деревне Каджаран, Сьюникского региона, где выращивает овощи, в основном картофель, на продажу. А в городе Мегри (Meghri) Вардан выращивает фрукты: гранаты, инжир и персики. Выращенные овощи и фрукты Вардан реализует в городах Ереване, Капане и Каджаране.
Также у Вардана имеется культиватор, при помощи которого он вспахивает землю для жителей города Каджарана за оплату. Для увеличения доходов своей семьи Вардан хочет купить ручную сенокосилку, которая позволит ему косить сено также за оплату. Для этой цели Вардану необходим кредит в размере 650.000 драм.
Вардану 46 лет и он проживает в городе Каджаране со своей женой, дочерью и сыном. Жена Вардана работает на комбинате города Каджарана, дочь недавно окончила школу, а сын еще учится в школе.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 411.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Vardan to buy a manual grass mower.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 13, 2012
Jul 20, 2012
Currency Exchange Loss:
Aug 17, 2014