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Hakob
Hakob is 27 years old and he lives in Gavar city, which is in the Gegharkunik region. Unfortunately, Hakob’s father and mother died several years ago and he lives in their house with his two brothers. His brothers have no constant work; they do construction work around their city. There was a time when Hakob was jobless and he left for the Russian Federation to work abroad, but he came back after several years and decided to establish a farm.

Now, Hakob has a rich farm, where he keeps five cows, four bulls, four calves, and twenty chickens. He also cultivates potatoes and cabbage, which he sells to re-sellers. Hakob has seriously decided to become a skilled and clever farmer, thus he does everything himself, with great pleasure and enthusiasm.

Hakob seeks a loan of 900,000 Armenian drams in order to buy two calves and animal fodder for the winter months.

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

  • $6,400
    Average annual income
  • 179
    View loans »
    Armenia Loans Fundraising
  • $13,004,275
    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 $2,225 helped Hakob to buy two calves and animal fodder for the winter months, which will allow him to receive a good profit from his farming.
65% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible