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Artyom is 31 years old. He lives with his jobless parents in Gavar city, which is in Gegharkunik region.

Artyom is the only breadwinner in his family. For more than 10 years, he has been engaged in farming and animal breeding. Artyom keeps cows and bulls, in a barn for animals that is near the family's house. Artyom says that animal breeding in his region is a more profitable branch of endeavor. Profit from cattle breeding allows him to meet his family's needs and to take care of his mother, who is ill.

Artyom decided to enlarge his animal breeding business. He asks from Kiva lenders a loan amount of 1.000.000 Armenian drams (AMD). He will use it to buy three calves, and fodder for his animals. He hopes that it will be a good deal with Kiva, and that the loan will help him to increase his income from farming.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    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 Artyom to buy three calves and fodder for his animals.
95% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 11, 2013
May 17, 2013
Currency Exchange Loss: