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Gagik is 50 years old and lives in Tsakhkunq village, in the Sevan area, with his wife and three sons. He is a mechanic who, until 1990, has worked as a tractor-driver in his village. But afterwards, to meet his family’s demands, he engaged in animal breeding and field-husbandry.

He has extensive land, four cows, two calves, 25 lambs, two horses, and many chickens. Gagik’s wife and sons help him in animal breeding. This farming activity is the main source of his family’s income. As he confessed, to keep such animals is very hard but at the same time, pleasurable and profitable.

Gagik requests 500,000 Armenian drams to buy two horses which will help him in farming.

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
  • 158
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Gagik to buy two horses.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 18, 2013
Currency Exchange Loss:
Dec 17, 2014