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Davit
Davit D. was born in 1970 and lives in Ijevan city. He is married and has two school-aged children. His wife does not have a job – she stays at home and takes care of their children. Since 1997, Davit has run a bakery business in Ijevan city. With the profit from his bakery production, Davit keeps his family and has also set up a lemonade production business, which brings in good revenue. Davit is asking for a 1,000,000 AMD loan to buy a stove for baking lavash (Armenian bread).

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
  • 101
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 385.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Davit to buy a stove for baking lavash (Armenian bread).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2010
Listed
May 3, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012