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Arman and his family live in Ijevan. Arman's father works in a greenhouse farm. His mother doesn't work. Arman himself works both in a furniture workshop and, at the same time, is engaged in beekeeping. Arman says that it brings very good income, which inspires him to enlarge his beehives. He mentions that in this work he has a good result since he knows the main secret of it: work honestly and with love.

He is young (26 years old) and full of energy and he is ready to become a skilled and professional beekeeper. He asks for a loan from Kiva of 800.000 Armenian drams to buy new beehives and have more honey.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,747,675
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,925 helped Arman to buy lot of new beehives.
79% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 7, 2013
Currency Exchange Loss: