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Tigran
Tigran is 25 years old, he live in the city of Vanadzor together with his parents, his wife and their eight month old son. Tigran's father is a gas station attendant, his mother is unemployed and his wife is taking care of their baby. Four years ago Tigran has converted his apartment to a wood working studio. He carves frames for mirrors and paintings, makes souvenirs which he sells to a local souvenir store. Tigran also takes private orders to make small carved wooden items. Thanks to his woodworking business Tigran helps his father to support the family and he is requesting this loan of 110,000 dram to purchase raw materials for his trade: wood and lacquer.
View original language description ↓
Тиграну 25 лет, он проживает в городе Ванадзоре вместе со своими родителями, женой и 8-ми месячным сыном. Отец Тиграна работает заправщиком на газовой заправочной станции, мать – безработная, жена ухаживает за сыном.
Четыре года назад Тигран переоборудовал свою комнату в квартире в мастерскую, где он изготавливает изделия из дерева. Он вырезает рамки из дерева для зеркал и картин, изготавливает сувениры, которые он сдает в магазины торгующие сувенирами. Тигран также принимает частные заказы на изготовление небольших разнообразных изделий из дерева. Благодаря своему бизнесу Тигран помогает отцу содержать семью и сейчас ему необходим на сумму 110.000 драм для приобретения материалов для своего бизнеса: дерева, лака и т.д.

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

  • $6,400
    Average annual income
  • 180
    View loans »
    Armenia Loans Fundraising
  • $13,004,250
    Funds lent in using Kiva
  • 383.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Tigran to purchase raw materials for his business: wood, lacquer etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012