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Haykaz P. is 53 years old. He lives in Kapan city with his wife and his son. His two daughters are married and live separately from their parents.

For about 15 years Haykaz and his wife have been engaged in clothes, shoes and household goods trading. At the same time, Haykaz drives a taxi; so thanks to his occupations he provides for his family's needs and was able to marry off his daughters. Haykaz works in his shop without any days off and he says he has a lot of regular customers. He buys merchandise from Yerevan and sells it in Kapan market.

Haykaz is asking for a 700,000 AMD loan to buy house slippers, underclothes, pajamas and high boots to resell. Haykaz has already received 9 loans from Nor Horizon.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 359.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Haykaz to buy house slippers, underclothes, pajamas and high boots to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 7, 2010
Dec 13, 2010
Currency Exchange Loss:
Jul 15, 2012