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Ashot lives in the village of Azatamut in the Tavush region. He is married and he has a son and a daughter. His wife used to work at the notary office, but now she is on maternity leave and takes care of their children. Ashot works at the woodworking workshop as a sawyer and at the same time he perfectly manages farming. He is raising a cow, two heifers and three piglets. He manages to sell milk, macun (Armenian national dairy product) and meat right from his house. The income is not very big, but Ashot thinks that if he manages to enlarge his farm cattle the profit will be much more. That is why he is asking for a loan of 600,000 Armenian drams to buy two calves and a lot of animal fodder for 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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,799,025
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Ashot to buy two calves and a lot of animal fodder for the winter months.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 23, 2013
Aug 18, 2013
Currency Exchange Loss:
Mar 17, 2015