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Stepan is 30 years old and lives with his father, wife and son in Vanadzor. Up until a few years ago he worked as a laborer. After his marriage he couldn't provide his new-created family with their basic needs on his salary. He did his best to find a solution for this difficult situation.
He started to breed animals in barn near his house. He breeds cows, sheep and horses. In winter his animals stay in the barn and in the warm season the roam the pasture, where they stay until November. Meat and dairy products, which come from his animals, he sells to his townsman's in Vanadzor. He has many customers and the profit from his activity allows him to meet his family’s needs.
So Stepan is requesting a loan from Kiva to buy four cows. This will allow him to enlarge the quantity of dairy products which Stepan can produce on his farm. By doing this Stepan can improve his family's living conditions.

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
  • 414.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Stepan to buy four cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Mar 19, 2013
Currency Exchange Loss:
Mar 17, 2016