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Arkadi
Arkadi is 62 years old and he lives in the village of Shahumyan in the Lori region with his wife and retired mother. He has two sons who are already married and they live separately.

Arkadi is a very skilled farmer since he has been in this occupation since he was married. His sons used to help him a lot several years ago, but now he manages everything alone. He breeds two cows, a heifer, a calf, and fifteen chickens. At the same time, he works at the school as a watchman.

Since his farm animals are few, Arkadi does not manage to sell his farm products, which will bring some income to his family. In all it is very hard for him with such a small income to take care of both his farm and his family's needs.

Arkadi asks for a loan of 300,000 Armenian drams so he can organize hay mowing activities and gather fodder for his farm animals for the winter months.

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
  • 100
    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 $750 helped Arkadi to organize hay mowing activities and gather fodder for his farm animals for the winter moths.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015