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Arsen H. was born in 1964 and lives in the town of Kapan. He is married and has two children -- a son who is serving in the Armenian army and a daughter who is a student in Yerevan. His wife is not currently employed. For the last 20 years, he has made a living running his own car-repair business. This has allowed him to support his family and pay for the education of his children. He is applying for this loan for 1,000,000 AMD to buy spare parts. This will be his fourth loan from Nor Horizon, and he has repaid the first three on time.

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
  • 159
    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 $2,750 helped Arsen to buy spare parts for a car-repair business.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 2, 2011
Mar 2, 2011
Currency Exchange Loss:
Apr 17, 2013