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Vachagan
Vachagan lives in Ijevan with his wife and two sons. His wife works in the Ijevan chemical cloths cleaning store as a storekeeper. For twenty years, Vachagan has been engaged in vegetables and fruits trading, but in recent years, he has decided to devote himself to swine breeding and now he is busy only with this. He says that he already has a good income and new plans connected with his new business. This helps him very much to take care of his family’s living conditions. Vachagan has taken a loan from NOR Horizon twice and this time he wants to have a deal with Kiva. He needs 400.000 Armenian drams to buy fodder for his piglets.

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
  • 87
    View loans »
    Armenia Loans Fundraising
  • $12,647,300
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Vachagan to buy fodder for his piglets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013