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Mnacakan
Mnacakan lives in the Ararat region in the village Pokr Vedi. He is 29 years old and he is married. He lives with his parents, who are retired. Both of them are pedagogues and for many years they worked at the school.

Mnacakan has no higher education and for many years the only way of providing for his family financially was doing construction work abroad (in the Russian Federation). During the period that he worked abroad, the nice and rich orchard of apricot trees that his father had planted dried up since his parents were old and could not take care of it.

Since now Mnacakan has his own family, he decided never to leave his village again and also to restore their beautiful orchard. He hopes that after two or three years, he will have the sweetest and the best harvest of apricots as it used to be when he was a little boy and his father took care of those trees.

Mnacakan requests a loan in an amount of 1,200 US dollars in order to start restoring his apricot orchard (to clean and to mold the soil, plant new tress, organize its watering system, etc.).

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

  • $6,400
    Average annual income
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mnacakan to restore his apricot orchard.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 25, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 22, 2014