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Vardan is 29 years old and lives in Dilijan city. He lives with his brother and retired father. Since school, the only occupation that he has been engaged in is farming. On his farm, he has four cows and two calves. The only farm product he sells is milk. For Vardan, it is very difficult to sustain his family's needs alone. Both his father and brother are unemployed. They have plans to enlarge the farm, but the lack of money makes Vardan postpone all the plans and be satisfied with what he has at this moment.

Vardan is asking for a loan of 600.000 Armenian drams in order to buy several calves and hay, which will be fodder for his farm animals. He really hopes that this hard period is just a start-up for him and this loan will help him have a richer farm and more income than he has now.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • 413.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Vardan to buy several calves and hay.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 14, 2014
May 15, 2014
Currency Exchange Loss:
Aug 17, 2015