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Sayad is 62 years old. He lives in Vanadzor city which is in Lori region. Sayad is married and has two daughters. For many years Sayad has worked as a butcher in the central food market of Vanadzor, where he rents a stall for his occupation. Sayad sells pork, mutton, and beef. Sayad buys all the meat from nearby villages as there are farmers with whom Sayad cooperates for many years. He already knows how to choose fresh and tasty meat and to sell it for a profitable and convenient price both for him and for customers.

Sayad asks for a 1,000,000 AMD loan, as he plans to buy several calves and, in winter months, to sell the meat of his own product; this way he will manage to have more profit from his business and less expenses than usual.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD
A loan of $2,450 helped Sayad to buy several calves and, in winter months, to sell the meat of his own product.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Aug 1, 2013
Currency Exchange Loss:
Aug 31, 2013