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Artur
Artur and his family live in Vanadzor. Artur is 44 years old. He has two daughters; the eldest one is married and she lives separately with her family and the second daughter is a student of Vanadzor State Pedagogical Institute in the department of Foreign Languages, where she studies at the paid division. Artur’s wife is unemployed. So he together with his wife are engaged in farming. They have a barn near their house, but during the summer months Artur keep his cattle in pastures located in the village Berd in Lori region. All the hay for his cattle, Artur mows and gathers himself. Artur says that farming is very profitable for his family. They sell meat, milk, cheese and butter at the Vanadzor wholesale markets.

Artur asks for a loan of 1,000,000 Armenian drams to purchase cattle to enlarge the number of his cattle. The income from this venture he will use for the needs of his family, and he will also be able to pay for his daughter’s education.

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
  • 102
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    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 $2,400 helped Artur to purchase more cattle.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible