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Artsruni lives with his large family in the village of Tsovagyugh in the Gegharkunik region. He achieved higher education with a specialty in engineering, and he has worked in this field for several years. Now he is a watchman at the village school. Artsruni has a very nice spouse and four children. Two daughters are grown up and greatly help their parents. His elder son is works in the Russian Federation and transfers money to supports his family members. Artsruni has two cows, a calf, a heifer, two piglets, fourteen sheep and 30 chickens on his farm. From his farm he sells milk, macun (Armenia’s national dairy product), eggs and mutton. Artsruni wants to take care of his big family properly, and that is why he wants to enlarge his farm. He is applying for this loan in order to buy a heifer and fodder for his farm animals.

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
  • $17,126,950
    Funds lent in using Kiva
  • 412.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Artsruni to buy a heifer and fodder for his farm animals.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 28, 2014
May 25, 2014
Currency Exchange Loss:
Nov 17, 2015