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Lareta lives in the village of Ddmashen which is in Gegharkunik region. She graduated from pharmaceutical college, but she has never worked in her specialty. She is married and she has two sons. In 1992 Lareta’s husband died in an accident and since then she has lived alone with her two children, taking care both of them and her house.

For several years she worked as a weaver, but since her husband died she fully became engaged in farming and agriculture. Both her sons are in the Russian Federation for work abroad. So she alone manages to raise one cow, two calves, two piglets and thirty chickens in her farm. She also cultivates potatoes which she sells through re-sellers.

Lareta has a tractor which, because of being unused for many years, has become out of order. Lareta has decided to use it during her agricultural activities. She is asking for a loan of 800,000 Armenian drams in order to repair her tractor.

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
  • 141
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Lareta to repair her tractor which is out of order because of being unused for many years.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 20, 2013
Oct 23, 2013
Currency Exchange Loss:
Oct 17, 2015