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Hovhannes lives in a small city, Gavar, which is in the Gegharkunik area. He is married and has a son who is a student, and a daughter who is already married. Hovhannes’ wife works at Gavar State Agricultural College. Hovhannes has a vocational education with a specialty in radiotechnics. For several years he worked at his specialty, but now he works as a driver and is also engaged in farming. He has five cows and six calves. Since their farm cattle are few, their income is not enough for their family needs. Hovhannes considers that although his son is studying at Yerevan and that life in the city may seem to him more colorful and easier than in their village, he wants his son to be engaged in farming and be close to their village and to their land. Hovhannes wishes to enlarge his farm and he asks a loan of 900,000 Armenian drams to buy a cow and a bull and a lot of animal fodder which will keep his animals safe and fed in the winter months.

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.

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About Armenia

  • $6,300
    Average annual income
  • 172
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,175 helped Hovhannes to buy a cow and a bull and a lot of animal fodder.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 29, 2013
Currency Exchange Loss:
Jul 29, 2013