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Ilyich
Ilyich is 29 years old and he lives in Vanadzor city with his family – his parents, wife and small daughter.
Ilyich has a passenger vehicle which he uses to carry passengers from Vanadzor to Yerevan and back. He has run this business for about three years and thus provides for his family. Ilyich’s father is also a driver; his mother and wife are unemployed.
Ilyich says his work is very laborious, as driving many hours a day is very hard, plus the work carries a lot of responsibility as he transport people.
Ilyich is asking for a loan of 400,000 AMD to buy winter tire casings and to do some necessary repair works on his car. This will allow him to carry his passengers safely.

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
  • 122
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 382.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ilyich to buy winter tire casings and do some necessary repair works on his car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013