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Edgar
Edgar is 34 years old and he lives in a small city in Kapan. For two years he worked at the Kapan Dramatic Theater as an electricity operator. After that, he went to the Russian Federation for work abroad. Now he lives in the village of Geghavank which is in the Kapan area and he is engaged in agriculture and farming, but the income of it is very miserable. For a young man who plans to get married and to have a family, it is not nearly enough. Edgar breeds cows, pigs and rabbits. The products from his animal breeding he sells in Kapan food markets and to re-sellers.
Edgar has decided to have a deal with Kiva and wants to realize his plans of increasing his animal breeding and starting beekeeping with the help of Kiva lenders.
He needs 500,000 Armenian drams to buy a mill for milling fodder for animals and five beehives.

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

  • $6,400
    Average annual income
  • 181
    View loans »
    Armenia Loans Fundraising
  • $13,004,300
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Edgar to buy a mill for milling fodder for animals and to buy five beehives.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013