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Norayr
Norayr lives in the village of Kavart, which is in the Syunik region of Armenia. He studied at the Kapan Mountain-Metallurgical College, but since he got married very early he became engaged in farming and agriculture. Norayr has five children; three sons and two daughters. His elder son specializes as a of geologist and one of his daughters is a midwife. His other children are still school-aged. His wife does not work and she helps her husband in their farming activities.

On their farm they breed two cows, two piglets, ten chickens and thirty-six beehives. They cultivate some vegetables for their own use. Norayr is also very well known in his village, because of his pure and tasty honey that he sells.

Norayr has some plans of enlarging his cattle farm and he asks for a loan of 1,000,000 Armenian drams to buy three calves, animal fodder and some hay.

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
  • 160
    View loans »
    Armenia Loans Fundraising
  • $13,808,800
    Funds lent in using Kiva
  • 409.3
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,450 helped Norayr to buy three calves, animal fodder and some hay in order to enlarge his farm.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 19, 2013