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Artur
Artur lives in the village of Achanan in the Syunik region. He is 48 years old and he lives alone since he is divorced. Artur has perfect skills for furniture making, but at this moment he works as an electrician. As he says, he likes his second occupation more and he is just impatient after his work to return home and take care of his cute and nice farm. On his farm he has two cows and a calf. The most beautiful is his colorful vegetable garden, where he cultivates potatoes, tomatoes, cucumbers, beans and greens. These goods he sells to resellers at the city wholesale market.

Artur dreams of a farm richer with animals and he also wants to have a nice orchard. Now he wants to start increasing the number of his farm livestock and he will be happy to buy eight lambs for his farm with this loan amount.

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
  • 130
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 410.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $750 helped Artur to buy eight lambs for his farm.
51% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2014
Listed
Jun 24, 2014
Currency Exchange Loss:
Possible