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Spartak T. is 22 years old. He lives in Tsovagyugh village, Sevan area with his jobless father. Spartak has а higher education and he works as an agronomist at Tsovagyugh village administration. At the same time, he has his own businesses: lavash (Armenian bread) production and food shop managing. Also, he has farm animals and his father helps Spartak in cattle breeding. Now Spartak needs an 800,000 AMD loan to increase his lavash production’s circulating assets, especially to buy flour.

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

  • $6,300
    Average annual income
  • 122
    View loans »
    Armenia Loans Fundraising
  • $14,083,350
    Funds lent in using Kiva
  • 383.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Spartak to increase his lavash production’s circulating assets.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Mar 11, 2010
Mar 12, 2010
Currency Exchange Loss:
Sep 15, 2012