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Artur
Artur F. is 23 years old. He lives in Tsovagyugh Village, an area of Sevan, with his wife and his one-year-old son.

For about five years, Artur worked as a waiter in a restaurant. Now Artur and his wife engage in farming. They raise cows, sheep, and chickens. Artur also has been running his own trading business in a coach cabin, where he sells food and beach accessories. Artur has been managing his shop since 2009 and, thanks to trading and farming, he can support his family and was also able to construct a new and more comfortable shop for his trading.

Artur is asking for a 500,000-AMD loan to place stall boards and showcases in his new shop and to buy beverages, food, candy, and sausages to resell.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 100
    View loans »
    Armenia Loans Fundraising
  • $13,488,400
    Funds lent in using Kiva
  • 369.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Artur to place stall boards and showcases in his new shop and to buy beverages, food, candy, and sausages to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012