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Manvel has been involved in an agricultural business in the city of Kapan for 12 years. He grows beans, cucumbers, onions, radishes, greens and the like in a greenhouse that he built himself. Manvel sells the produce to buyers from the city market. Thanks to the agricultural business, he is able to support his family and pay for his oldest son's education at the Kapan European University. Manvel is a construction worker by trade, and this fact allowed him to build the greenhouse by himself. His wife is a homemaker, and the youngest son helps the father to run the agricultural business. Manvel needs a loan in the amount of 500,000 dram to purchase plastic and pipes to repair his greenhouse prior to the onset of cold weather, and also to purchase seeds for sowing. This is Manvel's second time obtaining a loan from Nor Horizon, and he always repays on-time.
View original language description ↓
Манвел занимается сельскохозяйственным бизнесом в городе Капане на протяжении 12 лет. В построенной своими руками теплице Манвел выращивает фасоль, огурцы, лук, редис, зелень и т.д. Выращенную сельскохозяйственную продукцию Манвел продает скупщикам с городского рынка. Благодаря ведению сельскохозяйственного бизнеса Манвел содержит семью и платит за обучение старшего сына в Капанском Европейском Университете.
По специальности Манвел строитель, и этот факт позволил ему самостоятельно соорудить теплицу. Жена Манвела домохозяйка, а младший сын помогает отцу в ведении сельскохозяйственного бизнеса.
Манвелу необходим кредит на сумму 500.000 драм для приобретения целлофана и труб для ремонта своей теплицы перед наступление холодов, а также для покупки семян для засева.
Манвел получал кредит от организации Нор Оризон дважды и всегда выплачивал его вовремя.

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
  • $17,126,950
    Funds lent in using Kiva
  • 405.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Manvel to purchase plastic and pipes to repair his greenhouse prior to the onset of cold weather, and also to purchase seeds for sowing.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Oct 18, 2012
Oct 31, 2012
Currency Exchange Loss:
Sep 17, 2013