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Mnatsakan G. is 23 years old. He lives in Zovaber village, Sevan area with his parents and his sister. Mnatsakan’s family is engaged in animal breeding and after leaving school, Mnatsakan is carrying on his family tradition. Now on his farm he has cows, pigs and chickens. Mnatsakan’s parents and sister help him a lot with the farming, so they are able to keep their family. Mnatsakan and his father take upon themselves all the hard farming work. Mnatsakan’s sister and mother are busy with housekeeping and do light activity at their farm. Mnatsakan intends to increase his farm, so he is asking for a 1,000,000 AMD loan, which will allow him to buy some calves for his farm and 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.

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About Armenia

  • $6,300
    Average annual income
  • 112
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 360.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Mnatsakan to buy some calves for his farm and fodder for his farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Nov 26, 2010
Currency Exchange Loss:
Dec 15, 2012