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Ara makes a living by farming in a village called Shikahogh. On this farm he breeds cows, calves and chickens. He also rents a plot of land where he grows wheat. He keeps part of the milk, meat, eggs and wheat he produces for his family's needs, and sells the rest in a local market. Ara is married and has three children: two sons and one daughter. His older son is employed and his younger children are in school. Ara has received three previous loans from Nor Horizon, and has always made his payments on time. He is requesting a new loan, for 500,000 AMD, to organize his harvest and mow grass which he uses as fodder for his farm animals. He will also use this loan to buy diesel fuel, rent a combine, pay for a driver and transport wheat from the field to his granary.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 411.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ara to buy fuel, organize his harvest and produce fodder for his farm animals.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 10, 2012
Aug 21, 2012
Currency Exchange Loss:
Oct 17, 2013