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52-year-old Andranik lives together with his wife and son in the Noreashen village in the Sevan region. Andranik graduated from an industrial-technical college and obtained a speciality of an accountant. He currently works for the Southern Caucasus Railroads organization. His son attends a college. Parallel to his work, Andranik and his wife are involved in agriculture. They breed cattle and chickens and also grow potatoes. Andranik sells the potatoes at a market, sells meat to butchers at the market and sells milk right from his house to his loyal customers. He needs a loan in the sum of 550,000 dram to buy three calves, which would let him earn a large income from his farm in the future. This is Andranik's second loan from the Nor Horizon organization.
View original language description ↓
52-х летний Андраник живет в деревне Нореашен, Севанского региона, со своей женой и сыном. Андраник окончил индустриально-технологоческий техникум, где получил специальность бухгалтера.
Сейчас Андраник работает в организации “Южно-Кавказские железные дороги”. Сын учится в колледже.
Параллельно своей работе, Андраник и его жена занимаются сельским хозяйством. Они разводят крупный рогатых скот и кур, а также выращивают картофель. Картофель Андраник продает на рынке, мясо сдает мясникам на рынке, а молочную продукцию продает прямо из своего дома своим постоянным клиентам.
Андрамику необходим кредит в 550.000 драм для покупки 3 телят, что позволит ему получать больший доход от своей фермы в будущем.
Данный кредит является вторым, получаемым Андрамиком от организации Нор Оризон (Nor Horizon).

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
  • 173
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 371.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Andranik to buy three calves for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 29, 2011
Sep 30, 2011
Currency Exchange Loss:
Oct 17, 2013