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Murad
Murad is 51 years old and he lives in the village Ddmashen, which is in the Gegharkunik region. Murad is married and he has a daughter, who is married and lives with her family, and a son, who works at the TV company, as an operator.

Murad and his wife earn their living by being engaged in farming and agriculture. They breed on their farm a cow, a heifer, three piglets, 10 sheep, and 20 chickens. On their plot of land, they cultivate potatoes and cabbages. Murad sells all his farm products at the local wholesale market.

Murad asks for a loan of AMD 800,000 (Armenian drams) in order to buy a hay-mowing machine, which he will use on his own and which he can rent to his villagers.

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

  • $6,300
    Average annual income
  • 165
    View loans »
    Armenia Loans Fundraising
  • $13,775,600
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Murad to buy a hay-mowing machine, which he will use on his own and which he can rent to his villagers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Nov 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014