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Ashot
Ashot lives in the village David-Bek, in the Syunik region. He is married and has two school-aged sons; they are twins. His wife doesn't work, and she helps Ashot very much around their farm.

Ashot, himself, has been engaged in agriculture and farming for thirty years. In his farm he has cattle, pigs, bees, and agricultural machinery, including a tractor. Ashot is a very kind and hardworking man, and he helps his neighbors and fellow villagers in agricultural work, with his tractor. He also sells his agricultural products in the wholesale markets of Kapan, or sometimes to re-sellers. The profit from agriculture allows Ashot to support his family, as well as possible.

Ashot asks a loan of 1,000,000 Armenian drams (AMD) from Kiva. He will use the loan to buy some tractor spare parts, which will enable him to work faster and more productively.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $13,185,300
    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 Ashot to buy parts for his tractor.
57% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible