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Vachagan
Vachagan is a 52-year-old farmer who lives with his wife and younger son in Tsaghkunk village which is in Sevan area. His elder son is married and lives separately from his parents.

Vachagan and his family are engaged in farming and animal breeding in their village. He has cows, horses, sheep and chickens. Vachagan grows vegetables in his garden: tomatoes, cucumbers, and potatoes which he sells in Sevan food markets. Dairy products, meat and eggs from his animal breeding are sold from his house to wholesalers. Profit from farming and animal breeding allows him to meet his family needs.

Vachagan decided to increase his animal breeding; he enlarged his barn for animals and needs a loan amount 500.000 Armenian drams to buy three young calves. He hopes to receive a good profit at the end of this year.

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

  • $6,400
    Average annual income
  • 186
    View loans »
    Armenia Loans Fundraising
  • $13,239,150
    Funds lent in using Kiva
  • 411.4
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Vachagan to buy three young calves.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015