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Garik is the only child of his family, and now it is his turn to take care of his parents as good as his parents used to do when he was a little boy. Garik’s father does not work and he greatly helps him in farming. His mother has worked for many years at their village library as a librarian.

Garik is 24 years old. At first Garik tried to make his future in Yerevan city and worked as a manager at the supermarket, but very soon he returned to his village and with his father became engaged in farming. On their farm, they keep six cows, three calves and seven bulls. The work about their farm is a lot, but Garik overcomes all difficulties by the help of his father and his strong will. His farm animals give a good meat and milk, and Garik sells it right from their house.

Garik wants to buy two calves and a lot of animal fodder for the winter months. For this he requests a loan of 900,000 Armenian drams.

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
  • 123
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,175 helped Garik to buy two calves and a lot of animal fodder for winter months.
Repayment Term
32 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 28, 2013
Currency Exchange Loss:
Jul 28, 2013