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Varsik was born in 1959. She lives with her husband in Ddmashen village, in the area of Sevan. She has three children and all of them already live separately from their parents.

Many years ago Varsik worked as a weaver at a knitting factory. Since 1990 Varsik and her husband have been engaged in animal breeding and land cultivation. With joint effort they breed two cows, a calf and 12 sheep. Also they grow fodder for their farm animals. Varsik and her husband transport produced farm commodities to Yerevan and sell them there.

This is Varsik’s fourth loan from Nor Horizon and she has never delayed her repayments. Now she is seeking for a 1,000,000 AMD loan to buy two more cows and also fodder for farm animals, as their fodder burned down because of a fire. Varsik and her husband will use future income to buy a truck which will be very helpful them in their agricultural occupation.

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
  • 163
    View loans »
    Armenia Loans Fundraising
  • $17,083,300
    Funds lent in using Kiva
  • 387.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Varsik to buy two more cows and also fodder for farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 23, 2012
Jan 25, 2012
Currency Exchange Loss:
Jan 17, 2014