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Ashot is 61 years old. He and his wife live in the village of Varser in the Sevan region. His children live with their own families. By trade, Ashot is a bookkeeper, and he has worked in his profession for many years for different organizations.

At present, Ashot works in rural administration and, at the same time, farms. His wife helps Ashot on the farm, and thanks to that the farm is expanding. They raise cows, sheep and hens. They also work their own land. They use the profit they get from farming for their family’s needs.

Ashot has asked for a loan of 1,000,000 drams to buy fifteen sheep which will allow him to increase the family’s income in the future.
View original language description ↓
Ашоту 61 год, он живет в селе Варсер, Севанского района вместе с женой. Дети взрослые и проживают отдельно со своими семьями. По профессии Ашот бухгалтер и он проработал по своей специальности в разный организациях в течение долгих лет.
На данный момент Ашот работает в сельской администрации и параллельно занимается сельскохозяйственной деятельностью. Жена помогает Ашоту на ферме, благодаря чему хозяйство развивается и на сегодняшний день они разводят коров, овец и кур. Также они обрабатывают собственный участок земли. Полученную от сельскохозяйственной деятельности прибыль они используют для нужд своей семьи.
Ашот обратился за кредитом на сумму 1.000.000 драм для приобретения 15 голов баранов, что позволит увеличить доход семьи в будущем.

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
  • 137
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 373.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Ashot to buy fifteen sheep for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 21, 2011
Jun 21, 2011
Currency Exchange Loss:
Jul 17, 2013