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Gerasim is 55 years old and he lives in the village Khashtarak in Tavush region. Gerasim graduated from Yerevan State Polytechnic Institute. For many years, he worked as a teacher of mathematics at the village school. Now he is a director of the same school. Gerasim is married and he has two sons. As Gerasim says, his family is a family of pedagogues. His wife and elder son also work at the same school.

Gerasim is also a perfect and skilled farmer. He has five beehives and he has a large fruit garden, where he raises the sweetest and the tastiest persimmons and dewberries. He says that the sale of his fruit harvest and the honey that his bees give brings a decent income for his family. Thanks to it, he managed to buy a flat and furniture for his younger son. The vegetables that he cultivates on his plot of land, including cucumbers, tomatoes, beans, and potatoes are mainly for the family’s everyday use.

Gerasim runs his farming with great pleasure and wants to make it bigger. He has asked for this loan because he wants to buy two bee hives and three piglets, and he will use the leftover money to organize spring sowing activities.

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
  • 130
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 413.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Gerasim to buy two bee hives and three piglets, and to organize spring sowing activities.
71% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 11, 2014
May 8, 2014
Currency Exchange Loss: