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Khachatur is 52 years old and lives with his wife, Aida, in Nerqin Hand village in the Kapan area of Armenia. Khachatur is now head of Nerqin Hand’s village community. His wife is a librarian who works in the village library

Khachatur and his wife operate a farm where they breed cattle, pigs and chickens, and raise bees. Also they grow vegetables, beans and wheat. They sell their agricultural produce at the Kapan city market.

Khachatur has a caterpillar tractor, a wheeled tractor, a utility truck, and mowing machine. The last tractor he bought was with money from his first Kiva-funded loan. He uses these implements on his farm and also rents them to people in the village. Now, Khachatur is requesting a 1,000,000 Armenian dram loan to buy hay pressing equipment for his farm.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 370.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Khachatur to buy hay pressing equipment.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Sep 27, 2011
Oct 5, 2011
Currency Exchange Loss:
Jun 17, 2013