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Karen V. is 30 years old, married and has two children. He lives in Ijevan. His wife stays at home and takes care of their children while Karen and his parents are engaged in selling fruits and vegetables, which they have done since 2001.

Karen buys fruits and vegetables from Yerevan and other Armenian villages and also from Georgia. He sells them in the Ijevan market by himself and distributes them to other stalls in the market as well. In this way he supports his family.

Karen is asking for a loan of 1,000,000 AMD to buy tomatoes, cucumbers, oranges, mandarins and grapefruits, which he will sell during the New Year’s holidays.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 359.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Karen to buy fruits and vegetables for the upcoming holidays.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 6, 2010
Dec 10, 2010
Currency Exchange Loss:
Dec 15, 2012