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Grigor
Grigor lives with his family in the village of Goght in the Kotayq region. He is married and has two children. His daughter is engaged and soon to be married, and his son is attending school.


Grigor has a nice orchard with apple, plum, peach and pear trees which bear rich and sweet fruit. He also has several nut trees. Grigor sells his harvest at the local wholesale market. Using mulberries, his wife makes sujukh, a popular Armenian sweet in which threaded walnuts are dipped in a syrup spiced with cardamom, cinnamon, cloves, etc., then dried. It sells out very quickly to local children and visitors to the village.


While he has his orchard, Grigor would like to start raising cattle. He is applying for a 700,000 AMD loan through Nor Horizon to build a barn and buy cattle. He would like to make more money for his family through this venture.

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.

About Armenia

  • $6,400
    Average annual income
  • 98
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Grigor to build a barn and buy cattle.
61% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible