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Albert was born in 1979 in the city of Kapan. He graduated from the Kapan secondary school. Albert lives with his retired parents, sister, wife and two-year-old son. Albert's wife does not work, and sister helps him with the business. Since 1995, Albert has been involved in private enterprise and has been selling vegetables and fruits and also flowers. Albert leases a retail outlet at the Kapan city market, where he sells vegetables and fruits that he brings from nearby villages. Albert brings in flowers from Yerevan, and his sister sells them, and, thus, helps her brother to support the family. Albert has been a client of Nor Horizon for many years and always fulfilled his responsibilities of repaying loan on-time. He now needs a loan in the sum of 700,000 dram for the purchase of ribbons, color paper, foam, flower pots and decorative baskets for his flower business, and also for the purchase of grapes, peaches, eggplants, etc. for resale.
View original language description ↓
Алберт родился в 1979 г. в городе Капане; окончил Капанскую среднюю школу. Алберт живет с родителями пенсионерами, сестрой, женой и 2-х летним сыном. Жена Алберта не работает, сестра помогает Алберту в бизнесе.
С 1995 г. Алберт занимается частным предпринимательством: продажей овощей и фруктов, а также продажей цветов. На Капанском городском рынке Алберт арендует ларек, в котором торгует овощами и фруктами, привезенными из близлежащих деревень. Цветы Алберт привозит из Еревана, а сестра продает их и, таким образом, помогает брату содержать семью.
Алберт является клиентом Нор Оризон на протяжении долгих лет и он всегда выполнял свои обязательства по выплате кредита без опозданий. Сейчас ему необходим кредит на сумму 700,000 драм для покупки лент, цветной бумаги, пенопласта, цветочных горшков и декоративных корзин для своего цветочного бизнеса, а также партии винограда, персиков, баклажанов и т.д. для перепродажи.

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 374.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Albert to buy ribbons, color paper, foam, flower pots and decorative baskets for his flower business, and also to buy grapes, peaches, eggplants, etc. for resale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2011
Sep 14, 2011
Currency Exchange Loss:
Apr 17, 2013