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Babken H. is 23 years old. He lives in the village of Ddmashen, near the town of Sevan, with his parents and his two sisters. Babken’s mother teaches biology in a Ddmashen school. His father helps him in the business. One of Babken's sister is school-aged, and the other is a teacher like their mother.

Babken is taking the Correspondence Courses at the Teachers Training College in Yerevan. Parallel to his studies, he has his own business, which consists of lavash (Armenian bread) production and sale. The bakery is in the family’s private house. Babken and his father have been running this business for 6 years.

Thanks to his first Kiva loan, Babken was able to purchase flour wholesale, as well as buy a mini lorry which he uses to deliver his products to Sevan area shops.

Babken needs a 1,000,000 AMD loan to purchase more flour at wholesale and to construct a new stove for his bread production.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,873,900
    Funds lent in using Kiva
  • 359.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Babken to purchase flour, and construct new stove.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Dec 10, 2010
Dec 13, 2010
Currency Exchange Loss:
Feb 15, 2013