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Vachagan is 34 years old and he lives in Gagar village, Lori region. He is married and has two small sons. For more than 15 years, Vachagan has been engaged in farming. With his parents help he breeds cows and cultivates land. But the main line of Vachagan’s occupation and principal source of his family’s income is beekeeping. He likes beekeeping very much and he enjoys it. As a result of his hard work, Vachagan always gets high quality honey in large quantities and he sells his production in Vanadzor city market. Vachagan needs a 900,000 AMD loan to buy a car, which will allow him to transport and to resell his honey in other cities of Lori region.

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
  • 161
    View loans »
    Armenia Loans Fundraising
  • $17,086,950
    Funds lent in using Kiva
  • 367.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Vachagan to buy a car, which will allow him to transport and resell his honey in other cities.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 12, 2011
Jul 20, 2011
Currency Exchange Loss:
Aug 17, 2013