Funded

Total loan: $2,125
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Valerik

Armenia
Kapan, Armenia / Farming

A loan of $2,125 helped to purchase hay for livestock and to buy new wheat varieties for sowing.


Valerik's story

Valerik was born in 1968 in the Achanan village in the Kapan region. He has a secondary education and is an electromechanics professional. Currently, he works as an operator at the Kapan oxygen fueling station. Valerik is married and has a son and a daughter. His son is 18 years old and is a second-year law student at the Kapan college. Valerik's daughter is 21 years old, and she attends a master program at the Yerevan Architecture University. Valerik's wife helps him with the business. He has been involved in an agricultural business in the Achanan village for almost ten years and has his own plot of land, where he and his wife grow vegetables and wheat. Besides this, he owns cattle and bees (two beehives). Together with his wife, Valerik sells vegetables from his land at the Syunik regional markets, and his loyal wholesalers buy meat, milk, wheat and honey right from his house. Valerik uses his profits from the agricultural business to pay for his children's education and to support his family. Valerik needs a loan in the sum of 800,000 Armenian dram to buy hay for his livestock and to buy a new variety of wheat for sowing.

Translated from Russian by Kiva volunteer Anna Sorokina-Hailey



Loan details

Loan length:

26 months
Disbursed date: October 28, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: October 28, 2011
Facilitated by Field Partner: Nor Horizon Universal Credit Organization Limited Liability Company