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Samvel is 27 years old and he lives with his parents, sister and brother in the village of Achajur in Tavush region. Samvel has a specialty in economics, but he has never worked in his area of specialty, since he was engaged in farming and agriculture with his father when he was very young. Samvel and his father also decided to work in framing and go to the Russian Federation to do various construction jobs. Samvel’s sister has her own small business working from home: she takes orders to make cakes and other baked goods. So this large family works very hard and each family member tries to do his and her best in order to provide each other with good living conditions.

On his farm, Samvel has a cow, a pig, three piglets and 20 chickens. From his large vineyard, Samvel gathers the best kinds of grapes for black muskat, a wine that is very popular around the world, especially among wine lovers. He also sells vegetables and fruit from his garden, such as cucumbers, tomatoes, beans, potatoes, persimmons, pears, figs, etc.

Samvel wants to do some repairs in his vineyard and he also needs to buy fodder for his farm cattle. That is why he asks for a loan from Kiva lenders and hopes to receive it and to realize his plans.

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
  • 122
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Samvel to do some repairs in his vineyard and to buy fodder for his farm cattle.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 18, 2014
Mar 15, 2014
Currency Exchange Loss:
Aug 17, 2015