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Arayik M. is 29 years old and he lives in Sevan, Armenia, with his parents who help Arayik in his business. Initially, he worked as a shop assistant in a food market, then had a shop where he sold mixed products.

Arayik now supports his family through his butcher shop, which he opened three years ago. Thanks to the income from his business, he hopes to expand in the future.

Arayik is requesting a loan of 1,000,000 AMD to buy some calves to raise and sell. This would be his second loan from Kiva and third loan from Nor Horizon.

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
  • 98
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 376.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Arayik to buy some calves to raise and sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 15, 2011
Apr 18, 2011
Currency Exchange Loss:
Apr 15, 2012