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Astghik is 36 years old and she lives in the village of Agarak in the Lori region. She lives with her parents-in-law and 14-year-old daughter. Her husband is away (abroad) working in the Russian Federation, and from time-to- ime he transfers money and sustains his family from afar.

In the village, the only source of income for Astghik’s family is from farming and agriculture. Astghik has five cows on her farm, and on her plot of land she cultivates potatoes. Her husband’s parents help her a little, but they are already old and unhealthy, so mainly she manages everything about the farm alone. She sells her farm milk and macun (Armenian national dairy product) to the village people.

In order for get ready for spring sowing activities and to buy new type of potato seedlings and some fertilizer, Astghik asks a loan of 200,000 Armenian drams.

Beforehand, she thanks Kiva for the support, which will be of great use for her 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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $16,733,225
    Funds lent in using Kiva
  • 414.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Astghik for spring sowing activities, to buy a new type of potato seedlings, and for some fertilizer.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 27, 2014
Apr 6, 2014
Currency Exchange Loss:
Oct 17, 2015