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Yurik
Yurik is 40 years old and he lives with his family in the frontier village of Zangakatun which is in the Ararat region. After finishing school, Yurik took part in both the war to defend his native village and the war of Nagorno Karabakh. After that, he got married and he has a very nice daughter.

Now Yurik is seriously engaged in framing and agriculture. He breeds in his farm two cows, three calves, two piglets, and fifteen chickens. His wife helps him in farming activities greatly, and right from their house she sells milk, cheese, eggs and meat. They also have a very nice fruit garden with different and sweet sorts of apples. They sell their garden harvest at the local wholesale market.

Yurik wants to increase the number of his farm cattle, and he asks for a loan of 950,000 Armenian drams. He plans to buy a cow and several calves.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Yurik to buy a cow and several calves in order to increase the number of his farm cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014