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Marine
Marine lives in Kadjaran in the Syunik region. She has a specialty in accounting, but she has never worked and she was always busy with care of her children.

Finally they grew up (her daughter is married and she lives with her family) and now Marine has become engaged in farming and agriculture also. Marine is a widow and she lives with her son. They both work at the local school; Marine works there as a cleaner and her son as a worker. As Marine says their living would be just impossible without their farming activities.

In their farm they breed cows, calves, a bull, and chickens. Marine has some loyal customers who buy milk, meat, and eggs from her farm. Since this year the winter is extremely cold and seems to be endless, Marine wants to have a great reserve of fodder for her farm cattle.

Marine asks a loan of 650,000 Armenian drams in order to buy hay and fodder for her farm cattle.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    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 $1,625 helped Marine to buy hay and fodder for her farm cattle for the winter period.
46% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible