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Davit
Davit is 49 years old and lives in one of the villages in the Sevan region with his wife and two sons. All of them are jobless. The main way they earn a living is through animal husbandry. They keep five cows, four calves, and 15 sheep. Davit is engaged in this occupation with his family members.

For many years, Davit has worked as a mechanic in his village. However, after the Soviet Union collapsed, Davit became jobless. So Davit created his own agricultural business and worked days and nights in order to sustain his wife and two little sons. Eventually, Davit was able to provide a sufficient income for his family.

Davit produces and sells meats and various kinds of dairy products. He sells products not only in his own village but also in the city of Sevan. Davit requests 500,000 AMD to buy one cow and one horse in order to increase his food productivity. The anticipated income will help him to organize his son's wedding ceremony, about which he has been dreaming for a long time.

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
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    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 Davit to buy one cow and one horse in order to increase his food productivity.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014