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Artashes
Artashes is 51 years old and he lives with his family in the village of Zangakatun in Ararat region. For several years he has worked as a linear specialist at the large local telephone company, but at this moment Artashes is unemployed and he and his wife are engaged in farming and agriculture. Their three sons are already married and Artashes already has three grandchildren.

Artashes is engaged in beekeeping and he also has a very nice colorful fruit garden, mainly pear trees of different sorts. On his farm he breeds a cow, a calf and twenty chickens. He has eleven beehives and he manages to sell very tasty and pure honey. His garden harvest and honey he sells at the local wholesale market with the help of his wife.

Artashes asks for a loan of 600,000 Armenian drams in order to buy several beehives and two more calves.

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

  • $6,400
    Average annual income
  • 175
    View loans »
    Armenia Loans Fundraising
  • $13,228,200
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Artashes to buy several beehives and two more calves, which will help him to increase the profit from agriculture.
75% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible