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Davit
Davit with his mother and father lives in Kapan city. He has graduated from Yerevan State Polytechnic Institute's Faculty of Electrical and for many years since then he has worked in his specialty. He is not married, and he thinks that first of all, he must earn enough money and be able to provide both his parents and his family with good living conditions; only having all of this can he then get married. That is why Davit is seriously engaged in farming and agriculture.

Of course, he is still too young to rule the entire farm alone and cleverly, and his best helpers are his parents. His father works at the school as a teacher of physical education, and his mother works in a mental hospital as a nurse. They both in their free time are greatly helping their son in land cultivation. They cultivate vegetables and fruits, such as tomatoes, cucumbers, beans, carrots and greens, apples, peaches, pears and plums. Farming they also do all together: they breed cows, piglets and chickens and manage beekeeping as well. All the farm products Davit’s mother manages to sell at Kapan food market.

Davit has decided to become a prosperous farmer, and he needs a loan in the amount of 1,000,000 Armenian drams in order to buy hay for cows and some frames and beehives for his beekeeping 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.

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

Tags

About Armenia

  • $6,400
    Average annual income
  • 170
    View loans »
    Armenia Loans Fundraising
  • $13,004,300
    Funds lent in using Kiva
  • 410.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Davit to buy hay for cows and some frames and beehives for his beekeeping activities.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 10, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013