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Naira
This pretty lady’s name is Naira and she is 31 years old. She lives in the village Ddmashen in Gegharkunik region. Naira’s husband now is in the Russian Federation and he does construction work there and from there tries to support his family. Naira lives with her mother-in-law, who is retired, her elder son, and her twins (a boy and a girl 3 years old).

Naira has a vocational education and she has passed hairdressing courses, but she managed to work as a hairdresser for only two years and after getting married she became a housewife. She combines the care of her children and their house with farming and agriculture activities. (She cultivates and sells potatoes). She is a very active person and she takes care of her farm very nicely and with pleasure. On her farm she has two cows, five sheep, four piglets, and thirty chickens. She has many regular customers from Sevan city who buy her farm milk, meat, and eggs.

She says that she would prefer better living conditions for her family, but thanks God she and her husband manage to provide their children with basic living conditions.

Naira asks a loan of 500,000 Armenian drams in order to buy potato seedlings and some animal 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
  • 106
    View loans »
    Armenia Loans Fundraising
  • $13,505,475
    Funds lent in using Kiva
  • 412.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Naira to buy potato seedlings and some animal fodder for her farm cattle.
72% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2014
Listed
Feb 17, 2014
Currency Exchange Loss:
Possible