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Tutel is 47 years old and lives in the village of Ddmashen in Gegharkunik region. He is a very artistic person and he perfectly recites poems and sings very nicely. Tutel has no higher education. For several years he worked as a cook and until now he has cooked very tasty dishes for his family. Then he worked as a driver and now he works as a driver-distributer for the food market. Tutel is married and has a so, who is passing his military service in the army, and a daughter who is already married and lives with her family. Tutel’s wife is unemployed and helps her husband in taking care of their farm cattle and land cultivation. On their large farm they have four cows, three heifers, three calves, three piglets, ten sheep and thirty chickens. The care of these animals demands great efforts and a lot of time, so they hardly manage to overcome that together, but as Tutel says once he decided to become a farmer, he must have a rich and profitable farm. On his land he cultivates potatoes, tomatoes and cucumbers to sell.

Despite so much hardship with so many farm animals, Tutel wants to make his farm bigger and he is asking for a loan of 1,100,000 Armenian drams to buy ten more sheep and animal fodder.

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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About Armenia

  • $6,300
    Average annual income
  • 141
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,675 helped Tutel to buy ten more sheep and animal fodder.
42% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 10, 2014
Mar 11, 2014
Currency Exchange Loss: