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Garegin
Garegin is 58 years old and he lives in the village Pambak, which is in Lori region. He is married and has a son and a daughter. Both of them are married and live with their families. Garegin lives with his parents, who are already retired. His father is a long-lived person; he is 100 years old. Thanks to his father, Garegin has become a very famous beekeeper in his village. His father used to be the best beekeeper in their village, and for years he taught his son all his skills and the secrets of beekeeping, and still now despite his age, he helps him greatly. He always says to his son that bees are very powerful and enigmatic insects in nature, and man must work with them carefully, accurately and of course with love. As Garegin says, it is just obvious that in the whole region, he can surely say that there is no honey better than his. Garegin wants to increase the number of his beehives and he asks a loan of 1,000,000 AMD in order to buy 25 beehives and continue his father’s work.

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 158
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,500 helped Garegin to buy 25 beehives and continue his father’s work,developing his beekeeping business.
94% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2013
Listed
Dec 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015