Check out some available loans that are similar to this one!
Marat
Marat is 25 years old and he lives in the city of Dilijan. Since he was a teenager he has been engaged in farming. Now he is a very skilled farmer. He lives with his parents and his brother’s family.

On his farm, Marat has four cows, two calves, and ten chickens. He sells the dairy products from his farm to the citizens of his city and he also sells meat to the local butchers.

Marat wants to increase the number of his farm cattle and as a result increase his family income. He is asking for a loan of 1,000,000 Armenian drams in order to buy three more cows and a lot of animal fodder.

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
  • 131
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 404.6
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Marat to buy three more cows and a lot of animal fodder.
63% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible