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Samvel is 50 years old. He lives in the town of Vanadzor. Samvel's wife works as a teacher at a secondary school, oldest son attends the Yerevan State Medical University, and the youngest son attends school. Samvel has been involved in carpentry for over 10 years. He re-purposed one of the rooms in his house into a workshop, where he makes products from wood. Samvel accepts orders for making furniture and sells wooden souvenirs in a leased space at the city department store. He also sells table clocks and paintings from Yerevan there. Samvel's products stand out due to its high quality, taste and mastery. He cuts very difficult ornaments on the furniture and backgammon, which is why he always has new orders. This business allows Samvel to support his family and pay for his oldest son's education. In order to increase his family's income, Samvel wants to start selling ceramic dishwares, vases, statuettes, etc. He needs a loan in the sum of 1,000,000 dram for this purpose.
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Самвелу 50 лет; он проживает в городе Ванадзоре. Жена Самвела работает учительницей в средней школе, старший сын учиться в Ереванском Государственном Медицинском Университете, а младший учится в школе.
Более 10 лет Самвел плотницким делом. Он переделал одну из комнат своего дома в мастерскую, где он мастерит изделия из дерева. Самвел принимает заказы на изготовление мебели, а сделанные из дерева сувениры и нарды он продает в арендованном помещении в городском универмаге. Там же он продает настольные часы и картины, привезенные из Еревана.
Изделия Самвела отличаются высоким качеством, вкусом и мастерством. Он вырезает на мебели и на нардах очень сложные орнаменты, благодаря чему у него всегда есть новые заказы. Бизнес позволяет Самвелу содержать семью и платить за обучение старшего сына. Для увеличения доходов своей семьи, Самвел хочет начать торговлю керамической посудой, вазами, статуэтками и т.д. Для этого ему необходим кредит на сумму 1,000,000 драм.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 374.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Samvel to start selling ceramic dishwares, vases, statuettes, etc.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Sep 16, 2011
Currency Exchange Loss:
Mar 15, 2013