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Radik
Radik successfully manages agriculture. He has a very big private land and he is specialized in potato cultivating. Radik and his family live in the village Zovaber in the area of Gegharkunik. He is married and has three sons. Radik’s parents also live with him; his mother is retired.

Radik has higher education; he is an engineer. Radik’s father is also an engineer, and both of them work in the same place on their specialty. Like many families, their salary and income is not enough for their big family. So Radik has decided to enlarge his potato cultivation, and he asks a loan of 1,000,000 Armenian drams to buy a lot of potato seedlings and fertilizer for his cultivation activities.

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
  • $13,536,025
    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 Radik to buy a lot of potato seedlings and fertilizer for his cultivation activities.
75% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible