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Razmik is 23 years old and lives in the Tsovazard village in the Gegharkunik region. Razmik is a student of Yerevan State Economical University and is also involved in farming. His father is a builder who does not always have time to help his son around the farm. But Razmik alone manages the care of his farm perfectly and cutely. On his rich farm he has five cows, two heifers, two bulls, four calves, seventeen sheep, eleven lambs, two piglets, four horses, and twenty chickens. With the help of his mother, Razmik organizes the sale of a great range of dairy products, meat, and eggs. Razmik’s father is really proud of his son, who is so young, so laborious, so successful, and already a skilled farmer.

Razmikm requests a loan of 800,000 Armenian drams. He will use this to buy three more calves, in order to enlarge the sale of meat, and to buy a lot of animal fodder for winter.

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
  • 154
    View loans »
    Armenia Loans Fundraising
  • $15,809,675
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Razmik to buy three more calves and animal fodder for winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Dec 8, 2013
Currency Exchange Loss:
Dec 17, 2015