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Areg
Areg is 30 years old. He is married and lives with his wife, mother and pensioner grandmother, in Gavar city. Areg is the only breadwinner in his family, and he works hard day and night, in order to sustain his family.

Areg is engaged in farming and animal breeding. He breeds cows, bulls, and chickens. Areg has discovered a new technology in aviculture (bird care). He has found a faster way of breeding young chickens. He buys fertilized eggs from agricultural wholesale markets and grows chickens using his quick technology. As he said, it is a good and profitable business that allows him to meet his big family needs.

Areg needs a loan. He will use it to buy a lot of fertilized eggs and to buy two young cows, in order to increase his animal breeding activity. The additional animals and birds will help him to add to his income from agriculture.

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
  • 85
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    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 $2,425 helped Areg to buy a lot of fertilized eggs and to buy two young cows.
68% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible