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Roman and his family live in the village of Karmirgyugh, which is in the Gavar area. Roman’s father is in the Russian Federation in an abroad job. He is a builder, and from time to time he shares his family's bills in Armenia. Roman lives with his mother, who does not work but helps her son around their farm. In his farm, Roman has at present five cows, nine bulls, five calves, and seven sheep.

The income from selling the farm's products (wool from the sheep, meat, milk, butter and cheese) hardly covers the expenses of Roman's family. He needs some financing, in order to overcome some challenges and difficulties of his life and farming occupation. Roman wants to buy four calves and a lot of animal fodder, and he asks a loan of 900,000 Armenian drams from Kiva lenders. He hopes very much that he will be supported by them.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,175 helped Roman to buy four calves and a lot of animal fodder.
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 28, 2013
Currency Exchange Loss:
Jul 28, 2013