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Nver is 36 years old and lives with his wife, son and daughter in Geghamavan village, which is in the Sevan area. Nver graduated from Sevan State Technical College, and he is a tractor mechanic by profession. He worked at his profession until 2006. After that he started to work for Sevan Fire Service as a fireman. He said he likes his job because he is able to help people at any time.

At the same time, Nver and his family are engaged in agricultural businesses. His wife helps him to grow vegetables in their garden and sells them in the Sevan fruit markets. Nver has a large animal barn where he breeds cows, sheep, bulls and piglets. He likes his animals and takes care of them with great pleasure. As he confessed, animal breeding is more profitable than his job, which for Nver is just a charity occupation.

This is the first loan with Kiva for Nver. He needs a loan amount of 700,000 Armenian drams to buy 3 young cows in order to enlarge his animal breeding business, and he hopes to receive a good profit. Nver believes that it will be good start and he hopes to cooperate with Kiva in the future again.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Nver to buy 3 young cows in order to enlarge his animal breeding business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 10, 2013
May 16, 2013
Currency Exchange Loss:
Sep 17, 2014