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Martik is 52 years old, and he lives in the village Achajur, in Tavush region. Martik has no higher education, and since his young age he has been engaged in farming and agriculture. Martik is married, and he has a big family. One of his two sons is married, and his family lives with Martik.

Martik says that during a year they are mainly busy with farming, but sometimes, because they lack money and have a lot of unsolved financial problems, he and his younger son travel to Russian Federation. There, they do some construction work, in order to make their family income a little bit bigger. Their farm is not big; they have two cows, two calves, two piglets and twenty chickens. From their plot of land they gather hay for their farm cattle. They also cultivate vegetables, which they use for their own meals.

Martik greatly wants to make his farm bigger, and he asks a loan of 700,000 Armenian drams. He will use this amount to buy two more piglets and animal fodder.

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
  • 167
    View loans »
    Armenia Loans Fundraising
  • $17,105,775
    Funds lent in using Kiva
  • 411.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Martik to buy two more piglets and animal fodder.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 29, 2014
Feb 19, 2014
Currency Exchange Loss:
Feb 17, 2016