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Norik
Norik lives in the village of Nerqin Hand, which is in the Syunik region. For many years, Norik worked as a forester. He now works as an inspector at the local reserve. Norik is married and has two sons, both of whom are married and living separately with their families. Norik’s wife works as an English teacher at the local school but, at the same time, she greatly helps her husband in his farming and agricultural activities. In his farm, Norik breeds tree calves, thirty chickens, and several beehives. He says the income from farming is too low, but if there is an opportunity to expand it he will manage run it cleverly and with a good profit.

He asks for a loan of 900,000 Armenian drams in order to buy a few sheep, piglets, and animal fodder.

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
  • $13,224,950
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,225 helped Norik to buy a few sheep, piglets and animal fodder.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 24, 2013