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Martik lives in the village Getahovit in Tavush region. Martik for 20 years lived and worked in the Russian Federation with his family. He has a son who is in his last year of school. Finally being back to his motherland Martik decided to establish his own business. Now he has a small stone recycling workshop. Together with his business Martik also runs a farm with the help of his wife. In his farm he has 2 cows, a pig, 20 chickens and 4 beehives. His days and nights of hard work on his farm helps Martik to provide for his family their everyday needs. He also has a nice fruit garden from which he gathers a harvest of apples, plums, peaches and figs. The honey from his farm is very famous in the village and at the end of each season he has the purest and most healthful honey in his village. The sale of milk, different dairy-products, honey and eggs is also good income for them.
Martik asks this loan since he wants to enlarge his farming business and he wants to use the loan for the purchase of bulls and animal fodder.

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
  • $16,765,225
    Funds lent in using Kiva
  • 413.2
    Armenia Drams (AMD) = $1 USD
A loan of $1,225 helped Martik to enlarge his farming business he wants to use the loan to purchase bulls and animal fodder.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 16, 2014
May 16, 2014
Currency Exchange Loss:
Jun 15, 2014