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Andranik is 24 years old and he is a student at the paid division of Vanadzor State Agricultural University. Andranik lives with his parents and grandfather. With his family, Andranik is busy with farming in the village Urut in the Lori region. He perfectly takes care of his farm animals; in his farm he has three cows, three bulls, and four calves.

Thanks to his mother’s skills of making different dairy products from milk, they sell cheese, butter, curd and macun (an Armenian national dairy product). Andranik plans to make his farm bigger so that he will also start to sell meat.

He asks a loan of 500,000 AMD in order to buy bulls and fodder for his farm animals. Andranik hopes that the purchase of bulls and the income from its meat sale will help him to pay for his education as well.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $16,727,525
    Funds lent in using Kiva
  • 413.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Andranik to buy bulls and fodder for his farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 9, 2014
May 7, 2014
Currency Exchange Loss:
Sep 17, 2015