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Vaghinak G. is 36 years old. He lives in Vanadzor city with his wife and three children: two school-aged daughters and a two-year-old son.
Vaghinak manages his own business, which consists of selling men’s shoes and sweaters. With the income from his business, Vaghinak solves his family's needs. Vaghinak needs a 900,000-AMD loan to buy spring season's shoes for his shop.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,072,150
    Funds lent in using Kiva
  • 386.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Vaghinak to buy spring season's shoes for his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 22, 2010
Apr 2, 2010
Currency Exchange Loss:
Aug 15, 2011