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Mkhitar
Mkhitar is a qualified builder, but he has never worked in that trade, since he has been engaged in farming and agriculture since he was very young. He manages to do a perfect job of taking care of his farm animals: a cow, eight sheep, six lambs, and twenty chickens. A plot of land that Mkhitar has will bring some income to his family in the near future, since Mkhitar plans to start potato cultivation. Mkhitar is 45 years old. He lives in the village of Zovaber, which is in the Gegharkunik area, with his wife, three children and his retired mother. His wife works at the local school as a teacher of the Russian language, their elder son is a student, and their other two children are still school-aged. Mkhitar applied for a loan of 200,000 AMD (Armenian drams) to buy a large lot of potato seedlings, in order to start potato production. He thanks all Kiva lenders in advance for their generosity.

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.

About Armenia

  • $6,300
    Average annual income
  • 150
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mkhitar to buy a large lot of potato seedlings, in order to start producing potatoes on his farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014