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Armenuhi is 39 years old, and she lives with her large family in the village Dsegh, in Lori region. She is a mother of three children; her elder son is passing his military service in the army, and her other two sons are still school-aged. This peasant family’s livelihood depends on their farming income, in which all of them are engaged and help each other very much. Armenuhi simultaneously works as a milker. She is the only one employed in her family. Her husband is completely occupied with farming and agriculture. The farm has five cows, two calves, 20 chickens and a plot of land; on the half of it she cultivates vegetables and fruit trees, and the other part is used as a hayfield. Armenuhi manages just about everything around her farm; she milks her cows and from that milk makes butter, cheese, curds, and sour cream. She also gathers from her land greens, tomatoes, peppers, carrots, cucumbers and apples of various sorts. All of these, she sells to villagers and to retailers right from her house. Her husband’s duty is to keep the cattle always fed. So he gathers hay from their hayfield for their farm cattle, and provides them with enough hay each day. With great hope, and she plans to make her farm bigger. Armenuhi asks for a loan to purchase two bulls, which will surely make her family a greater profit.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $750 helped Armenuhi to purchase two bulls, which will surely make her family a greater profit.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 10, 2014
Apr 1, 2014
Currency Exchange Loss: