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Arevshat
Arevshat M. lives in Sevan with his wife and a son.

Arevshat is a cook and he worked in different restaurants in his specialty for about ten years. In 2007 he decided to open his own catering trade in a rented place, the rent of which is 150,000 AMD per month. With the profit from his business Arevshat provides for his family’s and for his business’s needs. His wife and son help him in this business.

Up to now, Arevshat has served his clients in a big common restaurant room. Now he needs a $2,000 loan to convert a part of his restaurant room into several separate rooms which will increase the client flow to his restaurant.

Additional Information

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

  • $6,400
    Average annual income
  • 160
    View loans »
    Armenia Loans Fundraising
  • $13,288,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Arevshat to convert a part of his restaurant into several separate rooms.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2011