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Gyulab has a farm, where he breeds various farm animals: cows, sheep and a goat. He works very hard on his farm and thereby he is able to keep his family. To increase his family’s profit, Gyulab intends to organize potato growing on his farm. For that he is asking for a 600,000 Armenian drams loan to buy potato seedlings, fertilizer and diesel fuel to organize growing process.

Gyulab is 39 years old. He lives in Zovaber village, Sevan area, with his wife and two sons, who are students.

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
  • 122
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 376.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Gyulab to buy potato seedlings, fertilizer and diesel fuel to organize growing process.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 25, 2011
May 28, 2011
Currency Exchange Loss:
Jun 17, 2013