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Parandzem
Parandzem and her family live in the village Kirants, which is in Tavush region. She has a large, nice family; she lives with her husband, son, daughter-in law and two grandchildren. In her family, all members are employed and have their work, but all together they are engaged in farming and agriculture. They have a rather rich and big farm: six cows, 12 sheep, six piglets, 10 beehives, 20 chickens and 20 rabbits. On their land, they cultivate fruit trees (apple, persimmon), beans and cucumbers. All their farm products they manage to sell to resellers.

Parandzem is sure that farming is really a good way of having decent income, and she does everything around her farm with great love. Thanks to her family members hard work, they receive a good profit at the end of each season.

Parandzem asks for a loan of 1,100,000 Armenian dram in order to buy a lot of animal fodder and also to organize autumn sowing activities.

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

  • $6,400
    Average annual income
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,228,200
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,725 helped Parandzem to buy a lot of animal fodder and also to organize autumn sowing activities.
42% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 20, 2013
Currency Exchange Loss:
Possible