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Gagik
Gagik is 36 years old and lives with his family in Dilijan city. He is a father of two children. Since 2010 he has worked as a welder for a construction company. At the same time, he has run a farm with his wife. They have four cows and two calves and his wife sells milk, cheese and macun (an Armenian national dairy-product) she makes herself. Profit from farming is the main source of income that meets their basic needs. For many years Gagik wanted to buy a truck which would make his farming easier (to transport hay for his farm cattle), but never had enough money for that purchase.
He asks a loan of 1.000.000 Armenian drams in order to buy a truck.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $13,280,700
    Funds lent in using Kiva
  • 408.1
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,475 helped Gagik to buy a truck to make his farming easier (transporting hay for his farm cattle).
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 22, 2014
Listed
Feb 3, 2014
Currency Exchange Loss:
Possible
Expired:
Mar 5, 2014