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Aram
Aram is 39 years old and lives in the village of Gugark, which is in the Lori region. Aram lives with his wife, three children, and retired parents.

Aram’s elder son is a student of Yerevan State Polytechnic Institute, his second son studies at the school, and his small daughter goes to kindergarten. Arman has a big family and numerous problems; together with his wife, they just do their best to provide normal living conditions for all of them.

Aram’s wife works as a secretary, and together with her husband, they also farm. They have a cute farm, and they breed two cows, calves, and piglets. Besides all this, Aram also has a butcher shop. He has only had this business for several months; the space is rented. In this shop, Aram sells his farm’s fresh meat - that is why he has many customers who trust him and buy meat specifically from his shop.

Aram asks a loan of 400,000 Armenian drams to buy several bulls, which will provide meat for his butcher shop. He will also buy some 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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,228,200
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Aram to buy animal fodder and several bulls, which will provide meat for his butcher shop.
97% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015