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Narek
Narek is 20 years old. He lives in Sisvan village, in the Ararat region, with his wife and newborn son. Narek’s parents are working abroad, in the Russian Federation. Narek has graduated from Ararat Accounting College and completed his military service. Now he is unemployed and being an outstanding patriotic person, he doesn't want to leave his motherland in order to earn a living for his family. He decided to establish a farm, no matter how hard it will be.

Narek is asking for a loan of 1000 US dollars to repair a barn for his farm animals and to buy two bulls. He will be very happy and thankful if Kiva lenders support him and give him an opportunity to enlarge his farm.

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 118
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Narek to repair a barn for his farm animals and to buy two bulls.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 24, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014