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Davit M. is 30 years old and lives in Ijevan city. He is married and has two daughters. Davit is engaged in beekeeping and his father helps him in his hard work. With the profit from his business, Davit keeps his family. Part of his produced honey he keeps for his family's usage, because natural honey is very useful, especially for children. Davit said beekeeping requires systematic and attentive care, so you’ll have very strong and hard-working bee families. Davit has many regular customers, so he sells his honey very quickly.

Davit asks for a 900,000 AMD loan to buy 10 or 12 beehives, wax papers, and frames for his bee families.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $16,777,600
    Funds lent in using Kiva
  • 383.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Davit to buy 10 or 12 beehives, wax papers and frames for his bee families.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 31, 2010
Jun 3, 2010
Currency Exchange Loss:
Jul 15, 2011