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Mher
Mher and his big nice family lives in Kapan city which is in Syunik region. He is married and he lives with his wife, father, brother and sister. Mher’s mother unfortunately died two years ago. His father works as a driver. The only person that helps Mher in farming is his brother, who works very hard and spends all his time on care of the farm animals. On the farm they keep a cow, a horse, eight piglets and fourteen pigs. Together they perfectly manage to sell a lot of pork during a month at Kapan; Kajaran butchers and the amount of income satisfies them. Nevertheless they have some new plans, since the family will become bigger and expenses as well. Mher in the near future will become a father; his brother also has plans of getting married; they also must take care of their sister. So, they have decided to take a loan in order to buy five bulls and animal fodder, to enrich their farm and make a profit of it.

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.

Tags

About Armenia

  • $6,300
    Average annual income
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Mher to buy five bulls and animal fodder to enrich their farm and make a profit.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014