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Ashot
Ashot and his family have lived in the village of Syunik for over 12 years. He has three daughters and a son. Before moving to Syunik, they lived in Goris city and in the beginning it was very hard for him and his family to adapt to local living and conditions but thanks to his family members' team work, they have already overcome all difficulties.

Ashot and his wife are engaged in agriculture and farming. They have a piece of private land where they cultivate grapes, different vegetables and fruits. They also have some cattle. Ashot and his family are very happy since they have a good income from farming with permanent customers in Kapan who purchase their agricultural products. Ashot needs to buy three young cows and fodder for his animals, so he decided to take a loan from Nor Horizon and Kiva. The amount they need is 1.100.000 Armenia drams. This way, Ashot can enlarge his cattle breeding and receive a good profit from this deal.

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.

About Armenia

  • $6,400
    Average annual income
  • 124
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    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 $2,650 helped Ashot to buy three young cows and fodder for his animals.
60% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible