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Artur
Artur is 34 years old and he lives in Ijevan, which is a city in the Tavush region. Artur is married and he has two sons who are school-aged. He lives with his parents and grandmother. Artur’s father regularly goes to the Russian Federation where he performs different constructional works and transfers some of his earnings to his family members. Artur’s mother works at home where she makes very tasty cakes and different pastries.

Artur for several years worked at a poultry farm as a delivery person, and then for five years he worked as a driver at a private company. Now with his own car, he provides taxi services. Despite his work, this young man is also seriously engaged in swine breeding and agriculture. In his farm, he has five piglets, 30 chickens, two beehives and a large fruit garden where he has many apple and persimmon trees. His mother uses the farm eggs for her small pastry business. Thanks to his hardworking and active character, Atur manages to have good yield. From his farm, he also sells meat and fruits. Artur wants to enlarge his farm and so he decided to ask for a loan from Kiva lenders.

He asks for a loan of 1,000,000 AMD in order to buy two new pigs and fodder for his pigs as well as chickens for his farm.

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

  • $6,300
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    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 $2,425 helped Artur to buy two new pigs and fodder for his pigs as well as chickens for his farm.
65% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2014
Listed
Mar 12, 2014
Currency Exchange Loss:
Possible