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Arsen
Arsen is 40 years old and he lives in the village of Khashtarak in the Tavush region.

Arsen is the father of three sons and all of them are still school-aged. Arsen is divorced and the care of his children and their everyday needs are Arsen’s duty. Despite the different construction work that he does around his village, he earns his family's living through farming and agriculture. His father was a very skilled farmer and he was their village shepherd, so when Arsen was a child he dreamed of becoming a good and clever farmer like his father. Now he has a cute farm where he has piglets and chickens. He manages the farming with his sons, who help him and at the same time learn a lot for their own.

Arsen asks for a loan of 500,000 Armenian drams since he wants to buy a pig and fodder for his farm animals. This will mean that he will have a richer farm and he can also sell meat with good profit for his family.

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.

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Tags

About Armenia

  • $6,300
    Average annual income
  • 113
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Arsen to buy a pig and fodder.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Mar 11, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015