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Marat lives in Ijevan with his wife, two sons, and retired mother. Marat’s wife works as a teacher, his elder son is married and lives separately with his wife's family, and the other is a student at the Medical University. Marat for many years has worked in different jobs, and he used to have various positions, but the last few years he has been fully engaged in bee keeping, which he says is a very profitable business, and he intends to enlarge it. So he is asking for a loan of 680,000 Armenian drams to buy ten new beehives. Marat has already once taken a loan from Nor Horizon, and he has managed to pay it back successfully without any delays.

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
  • 122
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Marat to buy ten new beehives.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 8, 2013
Currency Exchange Loss:
Jun 17, 2015