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Sasun
36-year-old driver Sasun lives with his wife and daughter in the village of Tsovagyugh, which is in the Sevan area. After getting married, Sasun started to work as a driver in Sevan city, but his main source of income comes from his agricultural business. Since childhood, Sasun has been engaged in farming. Now his wife helps him on the farm. They breed cows and sheep in the barn for animals, which they have built near their house. The milk from the farm Sasun provides to one of the biggest companies that produces dairy products and the meat from farming Sasun sells to a Sevan foods market. At the same time, his wife grows vegetables and fruits in their garden, which brings them additional income. Sasun is very pleased with his agricultural business, which allows him to sustain his family's needs and pay for his daughter education.

Because of the higher demand for milk in his region, Sasun decided to increase his number of animals and ask for a loan from Kiva to buy some calves and fodder for his animals. This is the first loan from Nor Horizon and from Kiva for Sasun and he hopes that this cooperation will be successful for him and that he will receive a good profit after 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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 131
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,400 helped Sasun to buy some calves and fodder for his animals.
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 3, 2013