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Pargev
Pargev is 30 years old and lives with his small family in the village of Goght, which is in the Kotayk region. He is married and has a small daughter. His wife does not work but takes care of their house and child. Pargev is a very laborious farmer. He is engaged in bee keeping (he sells perfect and pure honey from his house), he has a greenhouse where he cultivates tomatoes that he plans to sell during winter months, a small fruit garden (peaches, nuts, etc) and a lot of interesting and new plans, which he hopes to realize with the help of Kiva lenders.

He is asking for a loan of 1.000.000 Armenian drams in order to establish a big garden on his plot of land where he will plant currants. He mentions that in their district, he will be the only farmer who will have such a garden.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $13,539,575
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Pargev to purchase materials to establish a big garden to plant currants.
79% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible