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Armen is a very happy and lucky man, since he has a big and nice family, always filled with cheerful voices and games of his grandchildren. Armen lives in the village of Sevqar which is in Tavush region. He has two sons and two daughters and all of them are married and live separately. Only their youngest son lives with his parents.

Armen has no higher education, but he has always worked. For some time he used to work as a loader at the state farm, then he has worked as a storekeeper, but it is already nineteen years that he has been engaged in farming (cattle breeding, bee keeping) and agriculture. The income from it has helped Armen to cover the expenses of his children's education and their wedding parties.

Armen mentions that he loves his farm animals and takes care of them very carefully and with responsibility. He has seven cows, two bull, three calves, a horse, five piglets, twenty chickens and ten beehives. Armen’s son twice has taken loans from Nor Horizon and successfully repaid them, and now it is on his advice that Armen wants to ask for a loan from Kiva lenders.

He is asking for a loan in order to buy a lot of animal fodder, since his farm is rich with animals and he must be sure that he can provide them with a warm and well-fed winter.

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
  • 410.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Armen to buy a lot of animal fodder for winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 12, 2013
Jul 17, 2013
Currency Exchange Loss:
Nov 18, 2013