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Ararat
Ararat was born in 1955 in the city of Kapan. He finished a secondary school in the Shrvenants village and then obtained a technical education in the radio elecrtician field. He is married and has two children, a son and a daughter. The daughter is married and lives separately with her family. Ararat's wife is a homemaker, and their son works together with his father at an auto shop. Parallel to his job, Ararat is involved in a private business. He opened his own auto repair shop five years ago, where he works in the evenings, after his work day and on the weekends. He has consistent customers and uses the profits to support his family. Ararat needs a loan to purchase a hoisting jack in order to increase his customer base and the level of service.
View original language description ↓
Арарат родился в 1955 г.и проживает в городе Капане. Он окончил среднюю школу села Шрвенанц, а после получил техническое образование по специальности радиоэлектротехник. Женат, имеет двух детей: сына и дочь. Дочка замужем и живет отдельно со своей семьей. Жена домохозяйка, сын работает вместе с отцом в автомастерской инкассации банка. Параллельно со своей работой, Арарат занимается частным бизнесом. 5 лет назад он открыл собственную автомастерскую, в которой работает по вечерам, после рабочего дня и по выходным. Имеет своих постоянных клиентов и на полученную прибыль содержит свою семью.
Сумма кредита необходима Арарату для приобретения домкрата, что позволит увеличить количество клиентов и уровень их обслуживания.

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

  • $6,400
    Average annual income
  • 127
    View loans »
    Armenia Loans Fundraising
  • $12,884,550
    Funds lent in using Kiva
  • 366.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Ararat to buy hoisting jack for his auto repair shop.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2011
Listed
Jul 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014