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Hovhannes is 38 years old. He lives in Pambak village, in the Lori area. Hovhannes is married and he has two little sons.

For several years Hovhannes has been involved with cattle and pig breeding. On his farm he has two calves, three cows and also a pig. Hovhannes gets the fodder for his farm animals from his own plot of land. Hovhannes sells agricultural produce, such as cheese, butter and meat, and thus provides for his family’s needs. Hovhannes’ parents live separately from him, when he needs, they help him with cattle breeding.

Hovhannes is asking for an AMD 500,000 loan to buy another cow for his farm. He is sure that this will allow him to increase his family’s income in the near future.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $16,777,600
    Funds lent in using Kiva
  • 381.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Hovhannes to buy another more cow for his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 28, 2011
Dec 5, 2011
Currency Exchange Loss:
Dec 17, 2013