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Tatul
Tatul lives in the village Aknaghbyur in Tavush region. Tatul has a big family which consists of his two daughters, his son and his wife. Tatul worked at different companies as a mechanic. Now he is engaged in farming and agriculture, but he also has a second occupation; on his own tractor he does paid work on the lands of his villagers.

In farming his wife helps greatly and they take care of two cows and forty chickens. For the farm Tatul’s wife sells milk, butter and eggs. Tatul also has a rich fruit garden with a harvest of figs, persimmons, apples and plums, which they sell to re-sellers. As Tatul says, the spring sowing period is very important time for any peasant family.

He is asking for a loan of 1,000,000 Armenian drams in order to buy tires for his tractor, and he also wants to change his tractor’s transmission box, so that he will keep his tractor in order to be able to do any agricultural work in his farm and by order for his neighbors as well.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    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 Tatul to buy tires for his tractor and change his tractor’s transmission box.
56% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2014
Listed
Mar 12, 2014
Currency Exchange Loss:
Possible