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Smbat I. is 48 years old and lives with his family in Lchashen village, Sevan region. His family consists of his parents, his wife and their two daughters. Smbat graduated from a military academy in Russia, and for about five years he worked at the Hrazdan Humanities Institute as a lawyer. Now he works at a Hrazdan thermal power plant as a head assistant.

At the same time, he is engaged in animal husbandry and land cultivation. His family helps him in his farm work. Smbat has cows and sheep at his farm. On his land, he is raising oats, which he uses as fodder for his farm animals. With his incomes, Smbat supports his family and pays for his daughters’ educations; they are studying at Yerevan Institutes.

Smbat is asking for a 1,000,000 AMD loan to buy some calves and to do some sowing on his land. In the photo, you can see Smbat and his father.

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
  • 162
    View loans »
    Armenia Loans Fundraising
  • $17,094,100
    Funds lent in using Kiva
  • 368.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Smbat to buy some calves and to do some sowing on his land.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jun 16, 2010
Jul 6, 2010
Currency Exchange Loss:
May 15, 2011