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Samvel and his family live in Kapan city. He lives with his two sons, his wife, and his wife’s retired mother. Samvel has higher education and he has a veterinary specialty. Both of his sons are employed, but they greatly help their father in their farm since Samvel is seriously engaged in beekeeping.

His beekeeping occupation is in the nearby village of Shgharshik, where he has twenty-five bee families. In a year Samvel manages to sell 200 kilos of perfect and pure honey. Samvel has a lot of loyal customers in Kapan and Kajaran cities, who trust him very much and they are sure that Samvel works honestly.

Samvel asks a loan of 900,000 Armenian drams for the purchase of fifteen bee families, frames, and also beekeeper coveralls.

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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 408.7
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,225 helped Samvel to purchase fifteen bee families, frames, and beekeeper coveralls.
97% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 19, 2013
Aug 16, 2013
Currency Exchange Loss:
Aug 17, 2015