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Armen is 39 years old; he is engaged in farming and agriculture and simultaneously works at the gas station as a gas loader of cars. Since he has shift work, he perfectly manages both his work and farming. He keeps three cows, three heifers and 33 chickens.

Armen lives with his family in the village Ddmashen in the Gegharkunik area. His family is not very big: his wife and two school-aged children. His wife has a specialty in nursing, but she doesn't work now and she greatly helps Armen around their farm.

Armen asks for a loan of 620,000 Armenian drams to enlarge the number of his farm animals; he wants to buy two cows, chickens and sheep.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,836,500
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Armen to buy two cows, chickens and sheep.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 23, 2013
Currency Exchange Loss:
Jun 17, 2015