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Yervand
For several years farming and agriculture have been the only source of income for Yervand’s family. In the Zovaber village in Gegharkunik area they have a plot of land and a not big farm which includes three cows, two heifers, four sheep, three lambs, one goat and fifteen chickens. In agriculture, the only occupation they have is potato cultivation. All work around the farm Yervand does with the help and advice of his parents.

Yervand is married and he has a year old son. His wife is musician. She used to work as a piano teacher, but now she doesn't work and takes care of their son.

Yervand and his father have decided to enlarge their potato cultivating activities and they are asking for a loan of 1.000.000 Armenian drams in order to buy a lot of potato seedlings, organize cultivation works and to buy fodder for his animals.

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

  • $6,300
    Average annual income
  • 158
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,400 helped Yervand to buy a lot of potato seedlings, organize cultivation works and to buy fodder for his animals.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015