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Maksim
Maksim lives in the village Gandzakar in the Tavush refgion. He is married and he has three children; two daughters, who are already students and a son who is school-aged. His wife is not employed but at their house he gives services of hairdresser and she has a lot of regular clients. Maksim is a cook and once a year for six months he goes to Russian Federation and works there as a cook and sends good money from there to his family. But during a year Maksim very actively is engaged in farming and agriculture. He has a large land of his own, where he cultivates vegetables and fruit part for sale part for his family use. In his cute farm he breeds two cows, two calves, five piglets and ten chickens. The main products that he sells from his farm are milk, meat and eggs for which he already has many loyal customers.
Makism asks a loan of 3,000 US dollars in order to buy several piglets and a lot of animal fodder, since he wants to start swine breeding also.

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

  • $6,400
    Average annual income
  • 177
    View loans »
    Armenia Loans Fundraising
  • $13,240,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Maksim to buy several piglets and a lot of animal fodder.
35% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2014
Listed
Mar 11, 2014
Currency Exchange Loss:
N/A