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Bagrat is 53 years old and lives in the Geghamavan village in the Gegharkunik area together with his wife and two sons. The oldest son works as a manager at the "Gyumri" brewery, and the youngest attends a secondary school. His wife does not work and helps Bagrat with production and sales of agricultural products. After finishing college, Bagrat continued his education at the Yerevan institute of national economy. Once he achieved the qualification of an economist, Bagrat spent nine years working at the Gagarin bird factory. He has been involved in commercial business in various Russian cities since 1992. Bagrat has been primarily involved in agriculture for the past ten years. He is raising two cows and two calves at his farm and also grows potatoes and garlic. He takes obtained dairy products and vegetables to Yerevan markets twice per week. Bagrat intends to purchase an additional cow and expand his garlic production, for which he needs to obtain a loan in the sum of 1,000,000 dram.
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Баграту 53 года; он живет в селе Гегамаван Гегаркуникской области с женой и двумя сыновьями. Старший сын работает менеджером на пивоваренном заводе «Гюмри», а младший учиться в средней школе. Жена не работает, помогает Баграту в производстве и реализации сельскохозяйственной продукции.
Сам Баграт после окончания техникума продолжил учебу в Ереванском институте народного хозяйства. Получив квалификацию экономиста, Баграт девять лет проработал на Гагаринской птицефабрике. С 1992 года занимался коммерческой деятельностью в разных городах России.
Последние 10 лет, основным занятием Баграта является сельскохозяйственная деятельность. На своей ферме он разводит двух коров и двух телят, а также выращивает картофель и чеснок. Полученную молочную продукцию и овощи дважды в неделю отвозит на рынки Еревана.
Баграт намерен приобрести еще одну корову и расширить производство чеснока, для чего ему необходим кредит в размере 1,000,000 драм.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 367.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Bagrat to buy an additional cow and to increase garlic production.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Jul 19, 2011
Jul 19, 2011
Currency Exchange Loss:
Feb 17, 2014