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Khachik is 20 years old and lives in Gavar city, which is in the Gegharkunik region. He lives with his parents, sister and retired grandmother. His father sells car spare parts, and his mother works at the orphanage as a mentor.

Both Khachik and his sister are students, but it does not impede this young man from being engaged in beekeeping. He has 62 beehives. Since Khachik is seriously interested in beekeeping, he reads a lot and asks advice from the people who are already skilled in this activity. Despite his young age, he manages to have very tasty honey of a high quality, which he sells with the help of re-sellers.

Khachik is requesting a loan of 800,000 Armenian drams in order to increase the number of his beehives.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 178
    View loans »
    Armenia Loans Fundraising
  • $17,065,475
    Funds lent in using Kiva
  • 405.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Khachik to buy more bee hives in order to increase his beekeeping.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 30, 2013
Nov 22, 2013
Currency Exchange Loss:
Nov 17, 2015