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Samvel
Samvel is 60 years old, and he lives in Sevan with his wife. Samvel has three children, all of whom live separately from their parents. His wife is a teacher, but she helps Samvel in his business, selling food, household goods, and glass. Thanks to Samvel's varied assortment of products and his friendliness, he has many regular customers. Samvel supports his family with the income from his business. To increase his income, he intends to start selling construction materials.

Samvel is a five-time client of Nor Horizon. He is requesting a loan of 1,000,000 Armenian drams to buy a large lot of glass and construction materials 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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,668,425
    Funds lent in using Kiva
  • 383.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Samvel to buy a large lot of glass and construction materials for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014