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Arsen is 46 years old, and he lives with his big and lovely family, in the village of Varser. Varser is in Gegharkunik region. Arsen and his wife do their best and work hard for their family's well-being. They have three children -- two daughters who are already students, and a school-aged son.

For many years, Arsen and his family lived in Poland, where he had some business but very little income. The low income made them decide to return to their homeland. Today Arsen owns a plot of land, on which he cultivates potatoes and grain. He also has a big and rich farm; he keeps two cows, one heifer, two calves, two pigs, ten sheep, eight lambs and fifty chickens. All these he has earned during several years, by devoting himself to his work.

Arsen asks a loan of 500,000 Armenian drams, which he will use to buy fertilizer for his land. He hopes very much that this support will be the beginning of future cooperation, between him and Kiva lenders.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Arsen to buy fertilizer to use in cultivating his land.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 28, 2013
Currency Exchange Loss:
May 17, 2015