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Nver
Nver is 41 years old and lives in the village, Vahagni, in the Lori region. He has a very nice large family; he lives with his wife, two school-aged children and his retired parents. Thanks to his father’s precious and useful advice, Nver has become a very skilled and clever farmer who owns a very nice large farm. He is also engaged in bee-keeping and in fish keeping.

Nver has built a small artificial lake by himself where he breeds a fish called ‘’sazan’’ (European carp). As he says, this type of fish is greatly demanded by people and is very tasty. He sells the fish to his villagers and to fast-food centers. His farm also is rich with livestock such as cows, calves and piglets. His mother helps him to sell their farm's dairy products and also honey which is pure and very tasty.

Nver is asking for a loan of 500,000 Armenian drams in order to buy some fish forage as during winter months he must take care of his fish properly in order to sell them in spring.

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

  • $6,400
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Nver to buy some fish forage as during winter months he must take care of his fish properly in order to sell them in spring.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible