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Davit is 24 years old. He lives in the city of Ijevan together with his wife, parents and two sisters. Davit's father works as an engineer, and one of his sisters works at a pharmacy. His other sister, mother and Davit's wife are unemployed and are involved in household work. Davit is an auto electrician and converted his own garage into an auto repair shop in 2007, where he repairs cars and, thus, helps his father to support their large family. Also, thanks to his business, Davit purchased necessary furniture for his family. Davit needs a loan in the sum of 400,000 dram for a partial repair of his auto repair shop and purchase of auto parts for his business.
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Давиту 24 года, он живет в городе Иджеване (Ijevan) с женой, родителями и двумя сестрами. Отец Давита работает инженером, а одна из сестер работает в аптеке. Вторая сестра, мать и жена Давита безработные и занимаются домашним хозяйством.
Давит автоэлектрик и в 2007 году он переоборудовал собственный гараж в автомастерскую, где он ремонтирует автомобили и, таким образом, помогает своему отцу содержать их большую семью. Также, благодаря своему бизнесу, Давит приобрел необходимую мебель для своей семьи.
Давиту необходим кредит на сумму 400,000 драм для частичного ремонта своей автомастерской и для приобретения автозапчастей для своего бизнеса.

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.

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About Armenia

  • $6,300
    Average annual income
  • 119
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 367.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Davit to partially repair his auto repair shop and to buy auto parts for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 24, 2011
Aug 25, 2011
Currency Exchange Loss:
Feb 15, 2013