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Armen
Armen is 29 years old and lives with his parents in Ijevan city. Armen graduated from Ijevan State College. He is a commodities expert, but he has never worked at his profession. After graduation and military service, Armen has worked in the transportation sphere. Now Armen is a taxi driver.

At the same time, Armen and his family are engaged in farming. Armen has a plot of land in Ijevan and there he performs his agricultural business. Armen grows fruits and vegetables and sells them in Ijevan fruit markets. Armen’s parents help him in farming. From time to time his father goes to work abroad and helps his family from the Russian Federation.

Armen decided to establish a new orchard and hopes to receive good profit after a few years as he said that he will have to patiently wait until the new trees became mature and start to give good harvest.

Armen needs a loan to buy young trees of fig, pear, apple and plum for his new fruit garden.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 91
    View loans »
    Armenia Loans Fundraising
  • $12,373,675
    Funds lent in using Kiva
  • 411.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Armen to buy young trees of fig, pear, apple and plum for his new fruit garden.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2013
Listed
May 7, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014