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Khachatur B. is 50 years old and lives with his wife, Aida, in Nerqin Hand village in the Kapan area of Armenia. Khachatur is educated and is now Nerqin Hand’s mayor. His wife is a librarian who works in the village’s library. Khachatur and his wife operate a farm where they produce meat, milk, eggs and honey.

Khachatur has a caterpillar tractor (DT-75), a wheeled tractor (MT3-82) and a utility truck that he uses on his farm. He also rents these vehicles to people in the village. He is requesting a 700,000 AMD (Armenian dram) loan to buy a mowing machine for his farm.

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
  • 153
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 377.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Khachatur to buy a mowing machine for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 19, 2010
Jan 22, 2010
Currency Exchange Loss:
Oct 15, 2011