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Kolya is a young farmer of 35 years. He lives in the village of Zovaber in the Gegharkunik region. He is married and already the father of two school-aged sons. Now he is engaged in farming and agriculture with his wife, who helps him very much. Before, Kolya used to work in the Russian Federation and from there he provided for his family financially, but soon he understood that being so far from his family was a very hard trial for him and his family as well. On his farm Kolya raises cows, calves and chickens. On his plot of land he cultivates potatoes, carrots and cabbage. He sells all of these through resellers.

Kolya is asking for a loan of 600,000 Armenian drams in order to buy two more cows in order to enlarge his family's income.

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.

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About Armenia

  • $6,300
    Average annual income
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $1,500 helped Kolya to buy two more cows in order to enlarge his family's income.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 12, 2013
Currency Exchange Loss:
Jan 11, 2014