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Armen
Armen is 50 years old. He lives in Vanadzor with his mother, his wife and his daughter.

For about four years, Armen has run his own business. He buys eggs and sweets from wholesale dealers and distributes the merchandise to food shops in Vanadzor and the whole Lori region. Armen uses his garage to store the items and he distributes them to food shops using his own truck, which he bought thanks to his business income.

Armen’s wife helps him in his occupation and thus they are able to meet their family's needs.

Armen wants to diversify his merchandise, so he needs a 1,000,000 AMD loan to buy large lot of various sweets for his business.

This is Armen’s third loan from Nor Horizon and he has never delayed his loan repayments.

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

  • $6,300
    Average annual income
  • 131
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 373.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Armen to buy a large lot of various sweets for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jun 28, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013