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Lentush
Lentush lives in the village of Achajur, which is in the Tavush region. He is 29 years old and he lives with his wife and two children (a girl and a boy). His parents and his brother temporally live and work in the Russian Federation and they greatly help Lentush’s family overcome their family financial problems.

Lentush is engaged in farming and it brings good income to his small family. On his farm he breeds cows, calves and chickens. He sells his farm products, which are milk and eggs, to his village food market.

Lentush has some new plans connected with his farming and he is requesting a loan of 1,100,000 AMD in order to buy five horses. With Nor Horizon, he has previously repaid three loans, always making his repayments on time.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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

  • $6,300
    Average annual income
  • 160
    View loans »
    Armenia Loans Fundraising
  • $13,808,800
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Lentush to buy five horses which will help him in his farming.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014