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Armen
Armen is 30 years old and he lives in the village of Goght in Kotayk region. He lives with his retired mother and together, they perfectly manage their farm. Unfortunately, several years ago Armen’s father died and now he is responsible for his mother’s care. On his farm, Armen has two cows, two heifers, two bulls and two calves. He also cultivates fruit and vegetables on the land. From the garden he manages to sell nuts, pear and grapes among other things. They use the vegetables mainly for their own consumption. They also sell meat and different dairy-products to the local food markets. Besides all these jobs, Armen is also engaged in cultivation of Holland roses in a greenhouse. The flowers bring not only financial profit to his family but also beauty and nice aroma that is spread around their house making people envy Armen's job.
So Armen is asking for a loan of 900.000 Armenian drams in order to pay for feed for his farm cattle and he also plans to get married and needs some money for that.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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.

About Armenia

  • $6,300
    Average annual income
  • 154
    View loans »
    Armenia Loans Fundraising
  • $13,747,675
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,225 helped Armen to pay for various farming needs like feed for his cattle, and also assist him with wedding costs for his future wedding.
83% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 16, 2013
Currency Exchange Loss:
Possible