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Armen
Armen A. is 29 years old. He is married and lives in Tsovaghugh village in the Sevan area with his wife and his 1-year-old baby.

Armen is a mechanical engineer, but he manages his own business: spare parts for cars. In the near future, Armen will become a father for the second time, so he intends to increase his family’s income thanks to his business development.

To achieve his goal, Armen asks for a 800,000 Armenian drams loan, which will allow him to adapt and repair part of his shop for a household goods trading organization and to buy merchandise for it.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 358.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,250 helped Armen to adapt and repair part of his shop for a household goods trading organization and to buy merchandise for it.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012