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Mher
Mher is 42 years old. He is married and has two children: a son and a daughter. Mher and his family live in Ijevan City. His son is studying at the Ijevan branch of Yerevan State University, and his daughter is attending school.

Several years ago Mher worked as watchman at a Ijevan carpet manufacturer. Then he and his family moved to Russia where they lived and worked for about 7 years and in 2003 they returned to their native land. Now Mher works at wood-working shop as a master.

Simultaneously with his work, Mher has run a clothes and shoes trading business since 2010. He and his wife buy clothes from Yerevan and resell them from their house at Ijevan city. They sell mens, women's and children’s clothes. Thanks to his occupation, Mher pays for his son’s education and supports his family.

Mher is seeking a 700.000 AMD loan to buy autumn and winter clothes for his business. This is Mher’s second loan from Nor Horizon.

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

  • $6,400
    Average annual income
  • 85
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 374.8
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Mher to buy autumn and winter clothes for his business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013