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Serob
Serob A. lives in Yerevan. He is 26 years old and lives with his wife and his baby. From 2005 to 2008, Serob was a minibus driver. As his work wasn’t profitable, Serob decided to change his profession. For about 2 years, Serob has engaged in jewelry production.
Serob is a private entrepreneur renting a workshop and stall in one of the biggest jewelry markets in Yerevan. He makes and sells his jewelry there. Thanks to the profit from his business, Serob can meet his young family's needs, and buy new furniture and household appliances for his apartment.
Serob asks for a $2500 loan to buy gold for his business because prices for gold are going up in gold markets now. He hopes the loan will help him to increase his profit in future.

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
  • 177
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Serob to buy gold for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2010
Listed
Dec 14, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2012