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Feliks is 34 years old. He lives in Vanadzor city with his mother, wife, two children and a brother. His mother is a pensioner; his wife doesn’t work because she stays at home and takes care of their small children.

Feliks has run his own business for five years already. He buys accessories for bunches of flowers, such as stained paper, baskets, etc., from China and wholesale fairs from Yerevan, stocks them and then distributes to the Lori region’s flower shops. Feliks’ brother helps him in business and thus they provide for their family.

Feliks says before New Year’s holidays, flower shops demand large lots of accessories, and to fulfill their orders Feliks is asking for a 1,000,000 Armenian dram loan to buy various ribbons, accessories for flowers, baskets, etc., 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.

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About Armenia

  • $6,300
    Average annual income
  • 151
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 381.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Feliks to buy various ribbons, accessories for flowers, baskets, etc., for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Dec 20, 2011
Currency Exchange Loss:
Jan 17, 2014