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Khachik
Khachik is 50 years old and lives with his wife in Tsovagyugh village, which is in the Sevan area. Khachik’s only son is in his military service. Khachik graduated from Armenian Agrarian University in the agronomy department. Since 1999, Khachik has worked in his village municipality as a staff secretary. In parallel, Khachik engaged in agricultural work in his village. Khachik has cows, sheep and bulls. His wife helps him to sell meat and dairy products from their animal breeding in Sevan markets. They have a plot of land near their house and grow vegetables like tomatoes, potatoes and peppers.

As Khachik said that the main income he receives is from his farming and animal breeding, he decided to enlarge his breeding stock. He needs a loan of 550.000 Armenian drams to buy a purebred cow and fodder for his animals. This deal will help him to add milking cows and receive a good profit.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 169
    View loans »
    Armenia Loans Fundraising
  • $13,280,700
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,325 helped Khachik to buy a purebred cow and fodder for his animals.
90% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible