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Savad was born in Kapan city. He is 47 years old. After marriage, Savad moved to live with his wife in the village of Geghi, which is in the Kapan area. He has two sons; the elder one is married and lives separately from his parents. Since 1994, Savad has been engaged in an agricultural business with his wife. This is the main source of Savad’s family income.

Savad has a large plot of land near his house where he grows fruits and vegetables. He has also a large barn for animals; he breeds cows, chicken, and rabbits and has many beehives. The big part of his agricultural income comes from beekeeping. All of his agricultural products, Savad sells in the fruit markets of Kapan and Kajaran cities.

For Savad, this is first loan from Nor Horizon and Kiva. He needs a loan of 1,100,000 Armenian drams to buy seeds, diesel fuel, seedlings, fertilizers and fodder for his animals. He hopes to receive a good profit in the nearest future.

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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,650 helped Savad to buy seeds, diesel fuel, seedlings, fertilizers and fodder for his animals.
83% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 25, 2013
May 27, 2013
Currency Exchange Loss: