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Satik lives in the village Ddmashen which is in the Gegharkunik region. Satik is 51 years old. She graduated from medical college and for several years she has worked at the Sevan City Children's Health Center as a nurse. Satik is married, and she has two daughters and a son. Her daughters are married and they live separately; her son works at the police station.

Satik’s husband does not work and together they are engaged in farming and agriculture. They have a nice and not a small farm; three cows, a bull, three calves, nine sheep, four piglets and 22 chickens. On their plot of land they cultivate mainly potatoes and sell it to resellers. Several years ago Satik’s husband managed to buy a tractor which they use for their own and they also help other villagers on their land cultivation activities.

Satik is asking for a loan of 850,000 Armenian drams in order to buy a truck for her farm, which will help them greatly in their farming activities.

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.

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About Armenia

  • $6,300
    Average annual income
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,100 helped Satik to buy a truck for her farm.
83% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 3, 2013
Currency Exchange Loss: