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Harutyun P. is 48 years old and lives in Vanadzor city. He is married with three children — two daughters and a son. One of his daughters is already married and lives separately; the second daughter is a student studying in Yerevan. His son is in school and recently became Armenian champion of freestyle wrestling. Harutyun is very proud of his son's achievements. For about 15 years Harutyun has been engaged in clothes trading in the Vanadzor clothes fair. His wife stays home and keeps the house. Harutyun needs a 1,000,000 AMD loan to buy spring and summer clothes to resell.

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
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 405.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Harutyun to buy spring and summer clothes to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Apr 9, 2010
May 1, 2010
Currency Exchange Loss:
Dec 15, 2010