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Sahak
Sahak and his family live in the village of Geghamavan which is in the Gegharkunik region. Sahak is married and he has a daughter and a son. His wife and daughter work at the local school as teachers of Armenian language and literature and their son is a student of Yerevan State Pedagogical University in the Department of Philology. Sahak has a specialty as a history teacher and he has worked at the village school for many years.

Today Sahak has a farm and perfectly manages farming and agriculture. On his plot of land he cultivates mainly grains. On his farm he has four cows, four bulls, two heifers, three piglets, one horse, six sheep and fifteen chickens.

Sahak has decided to cooperate with Kiva lenders, since he needs some money to organize hay mowing activities and to buy several new cultivating blades because his blades have became very worn out.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 106
    View loans »
    Armenia Loans Fundraising
  • $12,432,975
    Funds lent in using Kiva
  • 409.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Sahak to buy several new cultivating blades and to organize hay mowing activities.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014