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Armen finished middle school in Kadjaran, the city of his birth. He's married and has three children. Armen's wife takes care of their household and his elder daughter attends school, while his two younger children go to daycare. Armen's retired mother lives with them.
Three years ago, Armen converted his basement into a workshop in which he now makes furniture on a by-order basis. His main focus is on kitchen furniture and computer desks. In order to increase his income, Armen rents a a small store where he places products ready for sale.
Because of his business, Armen was able to purchase a truck. He transports building materials from Kapan and made furniture from Yerevan on it.
Armen is asking for a loan of 1,000,000 drams to purchase building materials for new furniture. In order to successfully support his family, he works till late without weekends.
View original language description ↓
Армен родился в 1973 г. в городе Каджаране, где и окончил среднюю школу.
Армен женат и у него трое детей. Жена Армена домохозяйка, старшая дочь учиться в школе, а младшая дочь и сын посещяют детский сад. Также вместе с ним проживает его мать-пенсионерка.
Три года назад Армен переоборудовал подвал своего дома в мастерскую, в которой он изготовляет мебель на заказ. Основной акцент Армен делает на изготовление кухонной мебели и компьютерных столов. Для увеличения пробыли своей семьи, Армен также арендует небольшой магазин, в котором он продает готовую мебель. Благодаря своему бизнесу он смог купить небольшой грузовой автомобиль, с помощью которого Армен привозит сырью из города Капана, а также готовую мебель из Еревана для продажи в магазине.
Армену необходим кредит на сумму 1.000.000 драм для приобретения необходимого сырья для изготовления мебели.
Армен работает до позднего вечера и без выходных, что позволяет ему получать доход, необходимый для содержания своей семьи.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • 382.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Armen to buy raw materials for furniture production.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 15, 2011
Dec 19, 2011
Currency Exchange Loss:
May 17, 2013