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It has already been five years that Armen, in the small city of Kapan, has been engaged in cultivating vegetable crops. He has a very big rented land for a period of 25 years.

Armen has higher education; he graduated from the Yerevan State University Physical Department. He is married and his wife is unemployed. They have one daughter. Armen works also at the Municipality of Srashen village.

Armen has a small greenhouse for which he needs to buy manure and fertilizer, and he asks for a loan of 200.000 Armenian drams. He hopes that his first cooperation with Kiva lenders and Nor Horizon will bring good profit in the 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
  • 130
    View loans »
    Armenia Loans Fundraising
  • $16,806,975
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Armen to buy manure and fertilizer for his greenhouse.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 15, 2013
Jun 19, 2013
Currency Exchange Loss:
Jul 17, 2013