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Hovakim is 42 years old and he lives in the village of Khachardzan in the Tavush region. Hovakim is trained as a teacher and for many years he has worked at their village school. Today, at the same school, he works as a deputy director. The entire school and village respect and like him very much.

Hovakim is a good and wise person and also a very skilled farmer. Together with his wife, he takes care of their farm and they are also engaged in bee keeping. They have six cows, eight calves, ten sheep, ten piglets, twenty chickens and forty beehives. They sell a great range of farm products such as meat, dairy products, eggs, honey etc. Thanks to his hard work and savings of several years, Hovakim has bought some furniture for his house, a computer and car for his family.

For Hovakim, as for any farmer, coming of winter brings a lot of problems and worries about how to provide the cattle with fodder and warmth. Therefore, Hovakim asks for a loan of 400,000 Armenian Drams in order to buy a lot of fodder for his cattle and also to prepare his beehives for winter protecting them from the cold.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hovakim to buy fodder for his cattle and material to prepare his beehives for winter.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 22, 2013
Nov 18, 2013
Currency Exchange Loss:
Nov 17, 2014