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Benik T. is 49 years old. He lives in Ddmashen villige, near Sevan. Benik is married and has three sons. Two of them live and study in Russia, while the third one studies in the Yerevan Police Academy.

Benik works as electrician. Benik and his wife have also been engaged in farm work for about 15 years. They have cows, sheep, pigs and hens, which they keep on their own land. Benik needs 500,000 Armenian dram loan to buy fodder for his farm animals.

Additional Information

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
  • 177
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 385.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Benik to buy a fodder for farm animals.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 28, 2009
Oct 29, 2009
Currency Exchange Loss:
Sep 15, 2010