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Karlen is 47 years old and lives in the village of Tsovagyugh, which is in Gwgharkunik region of Armenia. Karlen is married and he has two sons. His elder son is engaged in fishing and very often he has a good catch for his family. His second son is still school-aged.

Karlen has a specialty of locksmith, but he has never worked in this specialty. He and his wife are engaged in farming and agriculture. No matter how hard they work, the income does not cover the needs of both their family and farm. They have a plot of land on which they cultivate vegetables (potatoes, tomatoes, and cucumbers) and they also have a trim farm where they keep four cows, two bulls, two calves, ten sheep, five lambs and ten chickens.

Karlen plans to cultivate a lot of potatoes, and he has requested a loan of 800,000 Armenian drams to buy potato seedling. He would also like to buy animal fodder. On this occasion Kiva comes to be the best and the only and trustful partner for 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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Karlen to buy potato seedling and also to buy fodder for his animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 25, 2013
Jun 29, 2013
Currency Exchange Loss:
Jun 17, 2014