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Vanik and his elder son are engaged in agriculture and farming and year by year it is obvious that hard working and contentious investments bring good profit. In their farm they keep two cows, one bull, two calves and seven beehives. They also have a piece of private land on which they have several apple trees and they also cultivate potatoes.

Vanik and his family lives in the village of Lchashen in the Gegharkunik Province. Vanik has a wife and two sons and the younger son is a student. Vanik has worked in different places and he has done different work but small salary for a great deal of time have made Vanik fully engaged in farming.

Vanik is asking for a loan of 500,000 Armenian drams in order to purchase two cows and animal fodder. Vanik has already taken loans from Nor Horizon three times and he has never been late paying back.

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
  • 86
    View loans »
    Armenia Loans Fundraising
  • $12,647,300
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Vanik to buy two cows and animal fodder.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 23, 2013
Currency Exchange Loss:
Sep 17, 2014