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Hamlet
Hamlet H. was born in 1959. He is married and lives in Noyemberyan city, Tavush region, not far from Ijevan city. His family consists of his wife, who works as a librarian, and two school-aged daughters. For about 20 years, Hamlet worked as a mechanical engineer in one of Abovyan's city factories, but since 2003 he has been trading in jewelry and souvenirs. With the income from his business, Hamlet supports his family and has been able to buy new furniture for his house and improve his family's living conditions. Hamlet asks for a 1.000.000 AMD loan to buy chains and bangles to resell and also to increase the assortment of souvenirs in 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

  • $6,400
    Average annual income
  • 90
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Hamlet to buy chains and bangles to resell and also to increase the assortment of souvenirs in his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011