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Frunze, who is 65 years old, lives in Geghamavan village, an area of Sevan, with his wife and his son. His son works as an electrician and Frunze’s wife is housewife.

Frunze graduated from Yerevan Polytechnic Institute in the chemical industry department and for many years, he worked as a foreman in different companies. Since 2002, Frunze and his wife have been engaged in farming. They grow potatoes and breed cows, sheep, pigs and chickens. Part of the agricultural produce they use for their family’s needs and the other part they sell to resellers. Thanks to farming, Frunze solves the major part of his family’s needs, as his son’s salary is small.

This is Frunze’s second loan from Nor Horizon and now he is seeking for $1,300 to buy potato seedlings and fertilizer.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Frunze to buy potato seedlings and fertilizer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 21, 2012
Feb 23, 2012
Currency Exchange Loss:
Aug 25, 2012