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Artak lives in Gavar city in the Gegharkunik region. He is married, and he has two daughters and a son. His daughters are married and they live separately with their families. His son is still school-aged. Artak’s wife does not work. Since their son is still small, Artak is the only bread winner in his family.

He used to work at the bread factory as a driver, then for several years he went to the Russian Federation and did construction work. Now he is engaged in farming and agricultural activities. On his plot of land he cultivates potatoes, which he sells through the re-sellers, and he also gathers hay, which he uses as animal fodder for his farm cattle. He has calves and cows, and also a lot of chickens on his farm.

Artak asks a loan of 900,000 Armenian drams to buy a lot of animal fodder for his farm cattle, which will be enough during the whole winter.

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
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,126,950
    Funds lent in using Kiva
  • 404.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Artak to buy a lot of animal fodder for his farm cattle for the whole winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 29, 2013
Dec 19, 2013
Currency Exchange Loss:
Dec 17, 2015