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Andranik
Andranik lives in the village Khashtarak in Tavush region. Andranik lives with his retired parents, his wife and two children. His daughter is already a student and his son is unemployed. Andarnik very often used to go to the Russian Federation where he made barbecue at the cafes. During that period his father ran farming and agricultural activities. But now Andranik’s son is grown up and he plans to enlarge his farm with hope that his son will like farming activities and seriously get engaged in it. Andranik has on his farm has a pig, 5 horses, 30 chickens and a large land on which he cultivates some vegetables and fruits for their family use.

Andranik asks this loan in order to buy several piglets, a heifer and also some animal fodder. As he says he tries to provide all the conditions for farming for his son and Andranik would be happy if his son will become a skilled and clever farmer.

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
  • 175
    View loans »
    Armenia Loans Fundraising
  • $13,224,950
    Funds lent in using Kiva
  • 413.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,225 helped Andranik to buy several piglets, a heifer, and also some animal fodder.
62% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
May 15, 2014
Currency Exchange Loss:
Possible