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Vardan
Vardan is 38 years old, and he lives in Dilijan city. Vardan already is a skilled farmer, and through farming, he manages to earn for his family's living. He is married, and he has two children.

Vardan works very hard with his wife; they take care of their five cows and four calves. They sell a great variety of dairy products and meat. They have their loyal customers, and thanks to their not expensive prices and fresh farm products, their sales bring rather good income.

Vardan asks for a loan of 500,000 Armenian drams, since he wants to buy a lot of animal fodder for his cattle and keep it fed until the pastures will become full in the middle of the spring 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
  • 86
    View loans »
    Armenia Loans Fundraising
  • $12,647,300
    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 $1,225 helped Vardan to buy a lot of animal fodder for his cattle to keep it fed until the pastures become full in the middle of the spring season.
47% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Mar 12, 2014
Currency Exchange Loss:
Possible