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Vardan is 29 years old and lives in Vanadzor. He is single and lives with his parents. Vardan has a college degree in Engineering but he has never been able to work in his profession. Instead, for the last two years Vardan has been running a grocery delivery service. He purchases coffee, cereal and sweets in Yerevan and resells them to stores in Vanadzor and the villages of the Lori region. Vardan owns a small delivery truck which he uses to transport the goods from Yerevan. This small business allows him to support his parents.

Vardan would like to take out a loan of 500,000 dram to purchase winter tires for his truck and to make small repairs to the vehicle.
View original language description ↓
Вардану 29 лет, он проживает в Ванадзоре. Вардан не женат и живет с родителями.
У Вардана высшее инженерное образование, но он никогда не работал по своей специальности. Уже 2 года Вардан занимается распространением кофе, сухих завтраков и сладостей. Он покупает товары в Ереване и сдает их в магазины города Ванадзора и деревень Лорийского марза. У Вардана есть небольшой грузовой автомобиль, с помощью которого он перевозит товары из Еревана в место сдачи товара в Ванадзоре и деревнях. Благодаря своему небольшому бизнесу он содержит семью.
Вардану требуется кредит на сумму 500.000 драм для приобретения зимних покрышек для своего грузового автомобиля и для его небольшого ремонта.

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
  • 153
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 384.0
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Vardan to buy winter tire casings for his truck and also to dye his truck.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 10, 2011
Nov 14, 2011
Currency Exchange Loss:
Nov 18, 2012