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Armen
Armen was born in 1967 in the city of Kapan. After finishing school he started vocational school. He lives with his retired parents. His wife does not work. His elder son lives in Rossi, and the younger one studies in his second year at Kapan Architectural College.

Since 1991, Armen has traded in fruit and vegetables at Kapan city market. He buys agricultural products from nearby areas and villages, and also from Yerevan. Armen uses his income from trade to support the family and also to pay for his younger son’s education.

Armen needs a loan of 500,000 drams to buy vegetables and fruit (in particular cherries, sour cherries, tomatoes, cucumbers, peppers, eggplants, etc.) for his business.

This is Armen’s ninth loan, and he has never been late with is payments.
View original language description ↓
Армен родился в 1967 г. в городе Капане, после окончания школы поступил в проф.тех. училище. Живет вместе с родителями пенсионерами, жена не работает, старший сын живет в Росси, а младший учится на втором курсе Капанского Архитектурного коледжа.
С 1991 г. Армен торгует фруктами и овощами на Капанском городком рынке. Сельскохозяйственную продукцию он закупает из близлежащих областей и деревень, а также из Еревана. Прибыль от торгивли Армен использует на содержание своей семьи, а также плати за обучение своего младшего сына.
Кредит на сумму 500,000 драм необходим Армену для преобретения партии овощей и фруктов (в частности, черешни, вишни, помидоров, огурцов, перца, баклажанов и т.д.) для своего бизнеса.
Данный кредит является для Армена 9-ым по счету, и он никогда не задерживал свои выплаты.

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
  • 133
    View loans »
    Armenia Loans Fundraising
  • $12,991,375
    Funds lent in using Kiva
  • 373.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Armen to buy a large lot of fruits and vegetables to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011