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Knarik is 52 years old. She lives with her son and mother-in-law in Zovaber village which is in Sevan area. Her daughter is married and lives with her family separately from Knarik. She has had a hard life and she had to work day and night in order to sustain her children.

For a long time Knarik used to work as a weaver in Sevan, but after Soviet Union's collapse she became jobless. Since 1990 Knarik is engaged in agricultural business. With her children she has built a large barn for animals and breeds cows and raises more than 15 sheep. Knarik also has plot of land near her house and grows potatoes and cucumber. The agricultural products; vegetables, meat, and dairy products are sold in Sevan food markets and she receives a good profit.

Nowadays Knarik is very happy and as she confessed, she is appreciated for her agricultural business and she is glad that she is able to meet her family's needs and help her children.

Knarik decided to enlarge her animal breeding business and to add to the number of her animals. She asks for a loan from Kiva to buy three calves and fodder for her animals. This is the first loan with Kiva for Knarik and she hopes to deserve Kiva lenders' support.

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
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Knarik to buy three calves and fodder for her animals.
100% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
May 1, 2013
May 31, 2013
Currency Exchange Loss:
Nov 17, 2015