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Artem is a 23-year-old young farmer. He lives with his parents and brother in Tsaghkunk village, which is in the Sevan area. Artem’s father is a tractor driver and mechanization specialist, and from childhood Artem loved and has been engaged in agricultural techniques. Often he helps his father in this occupation.

Artem’s family is engaged in farming and animal breeding. They have 6 cows, more than 25 sheep and 3 calves. Artem transports meat and dairy production from animal breeding to Yerevan and sells in the food markets. In the garden near their house, Artem grows vegetables and fruits. Artem and his family members work hard throughout the day to take care of all the family's needs. He says that agricultural business is very hard but very profitable.

Artem needs a loan to buy new equipment which produces bales of hay, which will help his family to organize rural work more efficient. Artem decided to provide paid services with his new equipment to his villagers. Artem hopes to receive more profit from his lovely occupation and to collect money for his wedding in the future.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 411.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Artem to buy new equipment which produces bales of hay.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 2, 2013
May 4, 2013
Currency Exchange Loss:
May 17, 2015