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Iveta is 40 years old. She has a vocational education and a specialty of nurse. Since 1994, she has worked at the Sevan Psychiatric Hospital as a nurse on duty. She lives in the village of Varser, in the Gegharkunik region. Iveta is married and she has a daughter who is already a student, and also a school-aged son. Her husband works as a hairdresser in a Sevan City beauty salon. Her retired mother-in-law also lives with them.

Despite that both Iveta and her husband are employed, it does not keep them from working in farming and agriculture. On her farm, Iveta has two cows, a calf, ten sheep, seven lambs, and 20 chickens. All these farm goods give her milk and other dairy products, meat and eggs, the sale of which brings a decent income to her family. Iveta also has a tillage on which she cultivates mainly potatoes and greens, which she sells to re-sellers, and also a hayfield, which provides hay for her farm cattle.

Iveta asks for a loan of AMD 600,000 (Armenian drams) since she needs to buy seedlings and fertilizer for her potato cultivation, with the hope of having a profitable sale of potatoes in the future.

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
  • 138
    View loans »
    Armenia Loans Fundraising
  • $15,757,675
    Funds lent in using Kiva
  • 413.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Iveta to buy seedlings and fertilizer for her potato cultivation.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 11, 2014
Apr 1, 2014
Currency Exchange Loss: