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Vardan is 28 years old and is already a very skilled and clever farmer. He lives in the village of Zovaber, which is in the Gegharkunik region. Vardan lives in his house with his father, his wife and small daughter. His mother died several years ago. Vardan has no higher education and he from time to time does paid construction work in his village. His wife has a specialty in pedagogue, but now she does not work and she takes care of their child.

Vardan has a small farm where he breeds two cows, ten sheep, six lambs and fifteen chickens. On his plot of land he mainly cultivates potatoes. Vardan has his own hay mowing machine, which has helped him to gather a lot of hay for the coming cold season and he thinks also of selling some part of it. Vardan has already paid back two loans very successfully to Nor Horizon.

Vardan asked for a new loan of 700.000 Armenian drams to buy four calves in order to develop his animal breeding.

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.

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About Armenia

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Vardan to buy four calves.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 19, 2013
Oct 21, 2013
Currency Exchange Loss:
Jul 17, 2014