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Suren
Suren is 51 years old. He lives in Vanadzor city with his wife and two sons. For about 23 years he has been engaged in the flower trading business: he sells bunches and wreaths in a rented place at a large market. Thanks to his business income, he can support his family and also pay for his sons’ education. Suren seeks a 700,000 AMD loan to buy a car, which he will use to transport flowers from Arjut village’s greenhouses to his business place. The car will allow Suren to decrease his business expenses.

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
  • 164
    View loans »
    Armenia Loans Fundraising
  • $13,808,800
    Funds lent in using Kiva
  • 369.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Suren to buy a car for his flower trading business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2011