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Elena is 59 years old and lives in the village of Goght in the Kotayk region. Elena lives with her son, daughter-in-law and a grandson. Her son has a food business; her daughter-in-law takes care of their child.

Elena is a very nice and cheerful lady who perfectly manages farming and agriculture with her family. She is a Jack of all trades. The number of cattle on her farm is very large, but she is never tired. She has cows, calves, bulls, piglets, sheep, lambs, goats, kids, and chickens, which give her a great range of farm products to sell: milk, cheese, sour cream, macun (Armenian national dairy product), meat, wool, and eggs. She also has a large vegetable and fruit garden (cucumbers, tomatoes, greens, beans, onions, apples, peaches, plums, grapes, etc.).

With such a large number of cattle, Elena has a serious problem feeding them during the winter. She has decided to buy a large shipment of animal fodder, and she asks for a loan of 1.000.000 Armenian drams for that.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 407.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Yelena to buy a large shipment of animal fodder to feed her cattle during the winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 24, 2013
Aug 18, 2013
Currency Exchange Loss:
Aug 17, 2015