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Armen T. is 28 years old and lives in Kapan. He is married and has a two-year-old son and a new newborn son too. For about six years Armen has managed his own café where he serves his clients and also takes orders for meal preparation without home delivery.

Armen wants to increase the number of his clients, so he increased the area of his café. With his first Kiva loan Armen was able to install the framework of his café’s roof (which you can see on the photo). Now Armen asks for his second Kiva loan (1,000,000 Armenian dram) to slate his cafe's roof and to repair the inside of his café.

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
  • 366.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Armen repair and construction of a cafe.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 20, 2010
Aug 30, 2010
Currency Exchange Loss:
Jul 17, 2013