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Rudik
Rudik is 35 years old. He lives with his wife and 2 pupil daughters in Ijevan city. His wife does not work and takes care of their children. Since 1995 till 2003 Rudik used to work in the Ijevan trade market as a scrutineer (market inspector).

Rudik decided to run his own business, and since 2003 he has engaged in a coffee business. He buys coffee from wholesale markets in Yerevan and resells it in a rented place in Ijevan market. He also offers to grind his clients' coffee for free. This proposal helped him to increase the number of customers so now he needs to add to the volume of his coffee.

Thanks to his business, Rudik is solving his family's needs and helping his pensioner parents. He has received loans from Nor Horizon 4 times and has never delayed his repayments. Rudik needs an 800,000 AMD loan to buy a lot of new varieties of coffee for his business.

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
  • 158
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 377.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Rudik to buy new varieties of coffee.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014