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Vachagan
Vachagan is 46 years old and he lives in the village of Zovaber in the Gegharkunik region. Vachagan has a vocational education and is seriously engaged in farming and agriculture. He is married and has a son and a daughter. Vachagan’s wife does not work and she greatly helps her husband in farming activities. On their farm, Vachagan has two cows, a calf, six sheep and ten chickens. On their plot of land, he mainly cultivates potatoes. From their farm, they manage to sell some dairy products, eggs and potatoes. The income is too little for his family, so Vachagan also does some hired paid construction work around their village and Sevan city.

Vachagan asks for a loan of 800,000 Armenian Drams to buy potato seedlings and fertilizer with great hope of having a better and larger harvest in the coming season.

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
  • 116
    View loans »
    Armenia Loans Fundraising
  • $12,677,975
    Funds lent in using Kiva
  • 412.0
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,950 helped Vachagan to buy potato seedlings and fertilizer with great hope of having a better and larger harvest in the coming season.
34% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2014
Listed
Feb 20, 2014
Currency Exchange Loss:
Possible