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Karlen A. is 35 years old, and he lives with his parents in Geghamavan village, in the area of Sevan.

Karlen works for the police and at the same time he is engaged in farming. He has 13 years of experience in animal breeding and land cultivation. Karlen raises cows, calves and sheep at his farm, and he also grows potatoes and grain. Karlen’s parents help him in his occupation and thus they solve their family’s needs.

Karlen is asking for a 1.000.000 Armenian drams loan to repair the cow barn and to buy some calves for his farm. This is Karlen’s second loan from Nor Horizon.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $16,809,825
    Funds lent in using Kiva
  • 368.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Karlen to repair cow barn and to buy some calves for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 29, 2011
Mar 29, 2011
Currency Exchange Loss:
Apr 17, 2013