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Ararat is 43 years old, and he lives in the village Chapni in Syunik region. Ararat is not married, and he lives with his retired mother. For seven years he worked at the local school as a teacher, then he worked at the municipality, but now the only occupation that he is engaged in is farming and agriculture, in which his mother greatly helps him.

He has a rather big farm: 10 cows, 17 chickens and 17 beehives. He has a large plot of land on which he cultivates potatoes cabbages, onions, beans, and also some fruits such as apples and pears. He also has several nut trees. He sells all his farm goods at the local wholesale markets of Kapan city. He says he likes farming very much; it takes all his time, and there is no time left to think and feel pity that he did not manage to get married and have children, which makes his mother upset very much.

Ararat asks for a loan for the purchase of five calves, which will make his farm richer, and he can also start the sale of meat from his farm.

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
  • $17,141,425
    Funds lent in using Kiva
  • 413.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ararat to purchase five calves and start the sale of meat from his farm.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 18, 2014
Apr 3, 2014
Currency Exchange Loss:
Nov 17, 2015