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In the region of Gegharkunik, there is a beautiful and sunny village named Ddmashen, and here lives a very kind and lovely woman Maro with her family. Maro is married and she has two sons and a daughter. Her daughter is married and lives separately; her elder son is also married and works with the peacekeeping troops. Her smallest son has recently been discharged from the army and doesn’t work. Maro’s husband is in the Russian Federation for work abroad (he has a specialty in building) and time to time he manages to support his family financially.

Maro graduated from Yerevan Cooperative College, and she has a specialty in accounting. She managed to work for several years, but after getting married, she became fully engaged in farming and agriculture. She has a plot of land and a big farm. Maro mainly cultivates potato and grains. On her farm she has four cows, five bulls, one calf, three sheep, four piglets, and twenty chickens. There is a lot of work on their farm, and Maro’s smallest son helps her very much.

It is Maro’s first loan and she needs 800,000 Armenian Drams to buy a cow, a calf, and animal fodder.

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
  • $15,809,275
    Funds lent in using Kiva
  • 411.7
    Armenia Drams (AMD) = $1 USD
A loan of $1,950 helped Maro to buy a cow, a calf, and animal fodder.
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 31, 2013
Jun 30, 2013
Currency Exchange Loss:
Jul 30, 2013