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Avetik
Avetik A. is 54 years old and he lives in Ijevan city with his wife and his school aged son.

In 2007, Avetik and his wife organized their own bakery which they have managed to the present time. At the same time Avetik runs a food shop, where he sells part of his bakery’s production. The remaining part of his bakery’s production is delivered to other food shops.

Thanks to their hard work, Avetik and his wife were able to buy a car, which makes their work much easier. Now they can transport their bakery’s production and shop’s merchandise without excess expenses.

Avetik asks for a 500.000 AMD loan to buy flour for his bakery and to increase his shop’s assortment. Avetik received a loan from Nor Horizon four times already without delays in payment.

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

  • $6,400
    Average annual income
  • 129
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • 360.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Avetik to buy flour for his bakery and to increase his shop’s assortment.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2010
Listed
Dec 8, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012