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Mariam
This young and cheerful lady named Mariam is 24 years old and lives in the village of Lchashen in the Gegharkunik region. She is married and has a new born son. She has a higher education and a specialty of translator, but she does not work now. Her husband works at the business center as a manager. Despite being young and unskilled they are both engaged in farming. In their farm they have cows, piglets and sheep. They also cultivate potato which they sell by the help of resellers.
This young couple greatly wants to become engaged in swine breeding. For this occupation Mariam asks a loan of 1,100,000 Armenian drams (AMD) to buy piglets.

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
  • 93
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    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 $2,725 helped Mariam to buy piglets in order to become engaged in swine breeding and to make a good profit.
30% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible