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Arsen
Arsen is 49 years old, and he lives with his family in the village of Lchashen in the Gegharkunik region. He has a son and a daughter. His son temporarily lives and works in the Russian Federation; his daughter is married and lives separately with her family. Arsen’s wife works at the bread factory as a baker. Arsen himself has a specialty of being a builder, and for many years, he has worked in his specialty. Today, the main occupation that he is engaged in with his wife is farming and agriculture. He has a plot of land and some farm livestock (five cows, five piglets, three calves, five sheep and 20 chickens).

Arsen asks a loan of 300,000 Armenian drams in order to be able to fence the grave of his father, who unfortunately died last year.

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

  • $6,300
    Average annual income
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 410.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Arsen to be able to fence the grave of his father, who unfortunately died last year.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014