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Melik H. is 60 and lives in Kaghnut village in the Kapan area. He is married and has three sons. His wife works at a chemist's shop (pharmacy) as a pharmaceutist. All of Melik’s sons are employees and one of them lives in a separate house with his family.

Melik works as a brigade-leader in an organization where he repairs factory equipment. At the same time, he has land where he grows grain. During sowing and harvest time, working hours last about twelve hours a day. Also, because he hasn’t got his own agricultural equipment, he has to wait till the other farmers’ equipment is free in order to rent it.

So, Melik needs a 1,100,000 AMD loan to buy a plough and separator to cut down his expenses and to use his time more rationally.

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
  • 98
    View loans »
    Armenia Loans Fundraising
  • $16,723,925
    Funds lent in using Kiva
  • 387.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Melik to buy a plough and separator for his farm.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 17, 2009
Nov 20, 2009
Currency Exchange Loss:
Dec 15, 2012