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Rudik
Rudik is 34 years old. He lives in the city of Ijevan with his wife and two small children: his 6-year-old son and 3-year-old daughter. His wife doesn’t work: she stays at home and takes care of the children.

In 2004 Rudik started his own business: selling spare parts for cars. In the beginning, he only brought spare parts from Georgia to fulfill his clients’ orders. Then Rudik rented a shop where he sells spare parts, while he continues to fulfill his clients’ special orders. He brings the parts from Georgia by himself, which allows him to sell his merchandise relatively cheaply, therefore, attracting more clients.

Rudik’s business allows him to support his family. He is requesting a 1,000,000 AMD loan to buy winter tire casings and different spare parts to resell.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $12,655,100
    Funds lent in using Kiva
  • 383.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Rudik to buy winter tire casings and spare parts to resell.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 10, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013