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Marat S., born in 1962, lives with his wife and two daughters in Kapan. For a long time now, Marat has been engaged in gardening. He grows apple trees, pear trees, cherry trees, and fig trees in his garden. He also cultivates potatoes, carrots, and greenery. He sells his fruits and vegetables in Kapan market and distributes them via Kapan’s food shops as well. Thanks to his gardening income, Marat is able to support his family, pay for his elder daughter’s education, and develop his garden.

Marat has a plot of unused land, where he intends to lay out a new garden with nuts, apple trees, and pear trees. This is why Marat is seeking to take out a 1.000.000 AMD loan, which will be used for soil cultivation, water supply system construction, and the purchase of young plants.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 375.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Marat to cultivate his soil, construct a water supply system, and purchase young plants.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Apr 22, 2011
Apr 24, 2011
Currency Exchange Loss:
May 15, 2012