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Armen is fifty-five years old; he was born in the city of Kapan. After graduating high school, he enrolled in Kapan's construction college.
Armen is married and has three children: two sons and a daughter. His oldest son is unemployed and lives with his parents; the younger son and daughter live separately with their own families. Armen's wife works as a librarian in the local library.

In 2005, Armen began his business as an entrepreneur on the local market where he rents a small shop. He sells autoparts, which he purchases two times a month in Yerevan. Thanks to his business, Armen is able to provide for his family. He works without weekends and has accumulated many regular customers.

Armen has already received loans five times. Now he's requesting 800,000 drams in order to purchase brake shoes, headlights, engine oil, paints, instruments, etc. for his store.
View original language description ↓
Армену 55 лет, он родился в городе Капане. После окончания средней школы он поступил Капанский строительный техникум. Армен женат и у него трое детей: два сына и дочь. Старший сын не работает и живет с родителями, а младший сын и дочь живут отдельно со своими семьями. Жена Армена работает библиотекаршей в районной библиотеке.
С 2005 года Армен занимается частным предпринимательством на городском рынке, где он арендует небольшое помещение. Он продает автозапчасти, которые дважды в месяц приобретает в Ереване. Благодаря бизнесу Армен обеспечивает постоянный доход своей семьи. Армен работает без выходных и у него много постоянных клиентов.
Армен получал кредит от организации уже 5 раз, и сейчас ему необходим кредит на сумму 800.000 драм для приобретения тормозных колодок, фар, моторных масел, красок, инструментов, и т.д. для своего магазина.

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
  • 125
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 383.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Armen to buy spare auto parts for his business.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Nov 21, 2011
Currency Exchange Loss:
Sep 17, 2013