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Samvel
Samvel is 57 years old and lives in Kapan city. He is married and has two sons and a daughter. His elder son and daughter are married and they live separately with their families. Samvel’s wife works at Kapan copper company as a senior assistant. Samvel works as a driver/distributor and is also engaged in agriculture. He has a piece of his own land where he cultivates tomatoes, cucumbers, and peppers. Although his land is not big, it needs care and takes much time. Samvel has watering problems since all irrigation pipes have become outdated with the passage of time.

Samvel requests a loan of 200,000 Armenian drams to buy new pipes for irrigation and to repair the fences around his house. He is sure that Kiva will support him and help him to overcome these problems.

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
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Samvel to buy new irrigation pipes and to repair the fences around his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2014