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Armen
Armen was born in Kapan, Armenia, and until now he lived there with his family. He is married and has two daughters who are already married and they live separately with their families.

Armen works as a mill operator and simultaneously, with his wife, is engaged in gardening, raising poultry and beekeeping. On their plot of land they cultivate beans, tomatoes, cucumbers, pepper, grapes and plums. He also has twenty beehives and thirty chickens. In the city wholesale market, Armen and his wife sell their garden harvest, honey and eggs which brings a decent income to his family.

Armen requests a loan of 1,100,000 AMD to help with the costs of beekeeping, to fence his garden and also to buy fodder for chickens.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    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 $2,725 helped Armen to help with the costs of beekeeping, to fence his garden and also to buy fodder for chickens.
46% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible