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Aregnazan is 54 years old and lives in Kapan city in Syunik region. She is married and has a son and a daughter. Both her children are married. Her son and his family live with Aregnazan and help her with her agricultural activities. Aregnazan’s husband is a constructor, but he also is mainly busy with farming. In the nearby village of Srashen, Aregnazan has a big farm with cows, calves, bulls, sheep, piglets and chickens. She also has a large greenhouse where she cultivates mainly greens and cucumbers. Aregnazan sells a great variety of farm products at the Kapan wholesale market. Farming supports many of the financial needs of her family.

She asks for a loan of 500,000 AMD in order to buy polyethylene plastic sheeting, seedlings, and fertilizer for her greenhouse.

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
  • 139
    View loans »
    Armenia Loans Fundraising
  • $15,776,200
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Aregnazan to buy polyethylene plastic sheeting, seedlings, and fertilizer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 10, 2014
Apr 1, 2014
Currency Exchange Loss:
Apr 18, 2015