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Hakob is 43 years old. He and his family live in Stepanavan in Lori Province. Hakob has a higher education; he graduated from Yerevan State Agricultural Institute. He is married, and he has three children – two sons and a daughter. Hakob works as an engineer. Together with his retired parents in the village of Bovadzor, Hakob is simultaneously engaged in farming and beekeeping. Hakob’s parents are very skilled at beekeeping, and, together, they all manage to have a perfect pure honey, which they sell at the Stepanavan food markets. They also breed two cows and calves.

Hakob plans to enlarge the quantity of his bee families, and he asks for a loan of 1,000,000 AMD to buy several bee families. He also wants to buy some animal feed.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Hakob to enlarge the quantity of his bee families and to buy some animal feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 25, 2013
Aug 19, 2013
Currency Exchange Loss:
Aug 17, 2015