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Edgar
Edgar is 29 years old. He lives in the town of Sevan with his parents and brother. He has higher education and graduated from polytechnic institute of Yerevan majoring in energy management.

Starting in 2009 Edgar has been in the business of production of lavash (Armenian flat bread) in a bakery which he started in the front yard of his house. Edgar's production is sold in many grocery stores of Sevan and his lavash is very popular among the town's residents.

Edgar's parents and brother help him in this business and thanks to their help they are able to support the family and pay for the education of Edgar's brother. Edgar's mother also works as a teacher in a secondary school. Edgar needs a loan in the amount of 1,000,000 dram to buy a mini truck for fast delivery of his product to the stores in town.
View original language description ↓
Эдгару 29 лет, он живет в г.Севан с родителями и с братом. Образование получил высшее, окончив факультет управления энергетикой Ереванского политехнического института. По специальности никогда не работал.
Начиная с 2009 года Эдгар занимается производством лаваша (армянкого хлеба), в пекарне, которую он основал во дворе своего дома. Продукция Эдгара продается во многих продовольственный магазинах г.Севан и лаваш его производства пользуется большой популярностью у жителей города.
Родители и брат Эдгара помогауют ему в бизнесе и, благодаря этому, они содержат свою семью и платят за образования брата Эдгара. Мать Эдгара работает, по совместительству, учительницей в средней школе.
Эдгару необходим кредит в 1.000.000 драм для приобретения небольшого автомобиля для скорейшей доставки своей продукции в магазины города.

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
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 376.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Edgar to buy a mini truck for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2013