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Tatul
Tatul is 21 years old and he lives in the village of Geghi in Syunik region. This active young man lives with his grandfather, and with him Tatul is seriously engaged in farming and agricultural activities. As Tatul says, he loves his grandfather very much, a very wise, honest person and skillful farmer. With his grandfather he takes care of five cows and ten beehives; they also cultivate a plot of land.

As a result of their great efforts and day and night work, they manage to sell milk, meat, honey, and also potatoes, beans, cabbage, carrots and nuts. They sell their produce at the city wholesale market through the re-sellers.

Tatul is very worried about his cattle fodder during the winter months and he is asking for a loan of 950.000 Armenian drams in order to buy fodder and also several hives for their bees.

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.

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About Armenia

  • $6,300
    Average annual income
  • 162
    View loans »
    Armenia Loans Fundraising
  • $13,780,600
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,350 helped Tatul to buy fodder and several hives for their bees.
42% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible