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Ara is 50 years old, and he lives in the village Ujanis, which is in the Syunik region. He is not married, and he lives with his retired mother. He has graduated constructional college and received a specialty of house painter. For several years, he worked at different companies and construction sites. Now, he is very seriously engaged in beekeeping. During a year, he manages to sell a lot of honey that is pure, tasty, very healthful and healing. In his region, Ara is a very famous and skilled beekeeper.

He asks for a loan of 1,000,000 Armenian drams in order to buy frames, hives and a honey-squeezing machine.

Additional Information

More information about this loan

This loan is designed for borrowers in rural areas with a special focus on the agribusiness sector in Armenia.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,475 helped Ara to buy frames, beehives and a honey-squeezing machine.
70% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 21, 2013
Dec 18, 2013
Currency Exchange Loss: