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Tsolak
Tsolak lives in Antarashat village in the Syunik region. He lives with his wife. His daughter is married and lives with her family in Kapan. Tsolak used to work in different factories in Kapan and Kajaran, but following the collapse of the Soviet Union, industrial production in the Syunik region declined and Tsolak and his wife became unemployed.

Now Tsolak is engaged in agriculture and farming. Tsolak’s wife helps him in his business. They have cattle and a garden where they cultivate fruit and vegetables that also serves as a pasture for cattle. Tsolak sells all his agricultural products in Kapan fruit markets. The profit from farming allows Tsolak to sustain his family.

He needs a loan of 600,000 Armenian drams to buy a pig and calf in order to enhance his animal breeding efforts. This purchase will result in a great profit for his family.

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 $1,450 helped Tsolak to buy a pig and calf.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible