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Artush is 52 years old and lives with his wife and two daughters in the village of David-Bek which is in Kapan area. Both David’s daughters are students of the State Armenian Pedagogical University. Artush graduated from Kapan Technical College as a decorator-designer. Now Artush works in Kapan electrical station. His wife is a nurse and works in Kapan hospital.

Since 2000, Artush has been engaged in an agricultural business. He has built a large barn for animals and breeds cows and piglets. His wife helps him in their farm and as Artush said without his wife’s help he couldn't overcome all the difficulties of an agricultural business. Artush is a very worthy farmer and he cares about his animals with big pleasure and also carefully. The meat from his breeding Artush sells to re-sellers from his house and the vegetables which he grows he sells in Kapan fruit markets.

Artush decided to enlarge his animal breeding and for this he is asking for a loan from Kiva to buy five young calves. He hopes to 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.

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About Armenia

  • $6,300
    Average annual income
  • 141
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,650 helped Artush to buy five young calves.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 30, 2013
Currency Exchange Loss:
Jun 29, 2013