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Gevorg I. is 32 years old and lives in Ijevan City with his wife and his two children. Gevorg and his wife are accountants. In addition to his work as an accountant, in 2006 Gevorg started a workshop where he produces concrete slabs and stairs. He sells most of what he produces to customers in Ijevan City, neighboring villages' building materials stores, and he also takes orders on site.

Gevorg has a mixer, where he mixes sand, cement, and water. After mixing, he pours the concrete into special metal forms and then dries slabs in a natural way. Now Gevorg is asking for a 720,000 Armenian dram (AMD) loan to buy a dryer for the slabs, which will allow him to shorten the period of production time. Thanks to incomes from his cement block and slab business, Gevorg has been able to meet many of his family's financial needs.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 365.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Gevorg to buy a dryer for poured concrete slabs.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 21, 2011
Feb 22, 2011
Currency Exchange Loss:
May 17, 2013