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Fenik is 62 years old. She lives in Ddmashen village, which is in the Gegharkunik region, with her husband. She has two sons and a daughter. They are all married and live separately from their parents with their own families.

Fenik and her husband are retired and for a long time they have been engaged in farming and agriculture. Fenik’s husband is engaged in bee keeping. On their farm, they have two cows, a heifer, two calves, four sheep, ten chickens and twelve beehives. The products from their agricultural business Fenik and her husband sell in the Sevan food markets. As Fenik said, she is very happy that she can sustain her family with her income from agriculture.

Fenik is taking a loan from Kiva for the first time and she needs 600.000 Armenian drams to buy potato seeds, fodder for her animals and wax paper for bee families. With this loan, she hopes to 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.

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About Armenia

  • $6,300
    Average annual income
  • 111
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 415.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,450 helped Fenik to buy potato seeds, fodder for her animals and wax paper for her bee families.
86% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 15, 2013
May 17, 2013
Currency Exchange Loss: