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Arshak and his nice family live in the village of Tsav in Syunik region. He is married and has two small children. Arshak, after passing his service in the frontier parts, has worked as a driver for several years. His wife works at their village school and she, in her time off from work, and her husband are engaged in farming. Arshak owns a large plot of land on which he cultivates tomatoes, cucumbers, beans, different greens, etc. He also breeds farm animals; cows, sheep, chickens and bees. Since the prices are very low, they manage to sell all the harvest from their vegetable garden and farm products with great effort at the Kapan wholesale market.

Arshak is asking for a loan of 1,000,000 Armenian drams as he wants to buy five bulls to enlarge the number of his farm cattle and also intends to organize hay gathering activities.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,010,625
    Funds lent in using Kiva
  • 409.9
    Armenia Drams (AMD) = $1 USD
A loan of $2,450 helped Arshak to buy five bulls and also to organize hay gathering activities.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 10, 2013
Aug 7, 2013
Currency Exchange Loss:
Sep 6, 2013