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Vaghtang
Vaghtang is 44 years old and lives with his wife and son in Kapan. Although Vaghtang has a higher education, graduating from Yerevan State Polytechnic Institute, he has never worked. His wife works as a teacher at the school. In the village where Vaghtang and his family live he has a private piece of land. They also keep a hundred chickens. Vaghtang cultivates vegetables and fruits and sells the gathered harvest at the Kapan wholesale market. Besides agriculture and farming, Vaghatang is engaged in carpentry works, making wooden parquetry, boxes, etc.

Vaghtang plans to repair the barn for his chickens and needs a loan of 300,000 Armenian drams. It is the first, but hopefully not the last, time that he wishes to have a deal with Kiva lenders.

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

  • $6,400
    Average annual income
  • 130
    View loans »
    Armenia Loans Fundraising
  • $13,556,275
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Vaghtang to repair his barn for chickens.
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:
Aug 17, 2013