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Aram
Aram is 31 years old, and he lives in the village Noratus in the Gegharkunik region. He lives with his parents, wife and his nice children. He works in a military sphere, and at the same time, he is engaged in farming. On his farm, he has two cows, two calves and two heifers. From their home, his mother sells milk, "macun" (a very tasty Armenian national dairy product), cheese and also some meat. Their family income is not very big, and they really need to increase the number of their farm cattle, which will in its turn bring more income for their family.

Aram asks a loan of 700,000 Armenian drams in order to buy a cow and a lot of animal fodder for the winter months.

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.

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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 407.0
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $1,725 helped Aram to buy a cow and a lot of animal fodder for the winter months.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible
Expired:
Feb 8, 2014