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Since 2000, Armenak has been engaged in agriculture on his plot of land in Kapan. With his own hands, he has built a plastic-covered greenhouse where he grows herbs and vegetables such as parsley, radishes, coriander and onions. He sells fresh herbs year round at Kapan's markets, whereas sometimes bulk purchasers buy his herbs directly from his greenhouse. Armenak considers greenhouse cultivation of vegetables and herbs to be a very profitable agricultural activity as the profits far exceed the investment. That said, taking care of the greenhouse is hard work, and Armenak admits that it is necessary for him to love his work to get a good harvest. He constantly reads various technical literature about greenhouses and dreams of constructing a large technologically advanced greenhouse, with drip irrigation and a modern heating system, but currently lacks the funds and technical know-how to make this happen.

Armenak lives in the city of Kapan together with his wife, son and daughter. His wife is a librarian, and in her spare time she gives her husband a hand in the greenhouse and also helps him take care of their cows and chickens. Armenak has post-secondary education as an engineer, but since there are no jobs available for him in Kapan, he prefers to work in agriculture.

Armenak needs a loan to purchase plastic film covering for his greenhouse, as well as fodder for his chickens and cows.
View original language description ↓
С 2000 года Арменак занимается сельскохазяйственной деятельностью на своем участке земли в Капане. Арменак сам построил полиэтиленовую теплицу и там выращивает зелень;петрушку,редиску,киндзу и лук. Круглый год он продает свежий зелень на рынках Капана . Иногда оптовые покупщики покупают зелень у Арменака прямо с его теплицы.
Арменак считает что выращивание овощей и зелени в теплице очень выгодным сельским бизнесом, потому что прибыль от этой деятельности намного больше. Но ухаживать за теплицей очень трудная и тяжелая работа, и как он признался просто надо делать свою работу с любовью чтобы урожай был хорошим. Арменак все время читает разную литературу про теплиц и мечтает построить большую теплицу по новейшей технологии с системой капельного орошения и с новейшей системой отопления,но пока для этого ему нехватает средств и достаточно знаний.
Арменак живет вместе с женой , сыном и дочерью в городе Капан. Его жена библиотекарь и свободное от работы время помогает мужу в теплице и помогает ухаживать за коровами и курами.
У Арменака высшее инженерское образование но так как в капане невозможно работать по специальности, он предпочитает сельскохозяйственную деятельность.
Арменаку нужен кредит для покупки полиэтиленового покрытия для его теплицы и корма для кур и коров.

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.

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About Armenia

  • $6,300
    Average annual income
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 410.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Armenak to buy plastic covering for his greenhouse and fodder for his chickens and cows.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 28, 2013
Mar 13, 2013
Currency Exchange Loss:
Oct 17, 2013