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Stella is a young and nice lady; she is 31 years old and the only bread-winner in her big family. Stella lives in the village of Tsovazard, which is in Gegharkunik region. She lives with her husband, their small daughter, and her parents-in-law, who are retired. Stella has a higher education; she has graduated from Gavar State University. Now she works at their village municipality, as a computer operator. Stella is also engaged in farming and agriculture, in which her husband helps her. They keep three cows, three calves, ten sheep, ten lambs, and ten chickens. They also have a plot of land, where they cultivate beans, tomatoes and greens, and they have several apple trees. Most of these they use for family consumption, and the only produce from their land that they manage to sell is apples.

This is Stella’s first deal with Kiva and Nor Horizon. She asks a loan of 500,000 Armenian drams, which she will use to buy one cow, two piglets, and a lot of animal fodder. She hopes that this loan will help her to improve her family's living conditions, significantly.

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
  • 143
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Stella to buy one cow, two piglets, and a lot of animal fodder.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 29, 2013
Currency Exchange Loss:
Jun 17, 2015