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Varuzhan was born in 1966 in the city of Kapan. He graduated from the Yerevan Polytechnic Institute, where he obtained a speciality of engineer-radio technician. Varuzhan is married and has two children - a son and a daughter. His son attends a paid division of the Yerevan Medical University, and daughter goes to a secondary school. Varuzhan spent many years working as a rescuer at the Ministry of Emergency Situations. Since 2011, he has been involved in a private entrepreneurship at a leased space, where he sells accessories (purses, school briefcases, belts, umbrellas, watches, glasses, etc.). Varuzhan buys merchandise for his store once per month at wholesale markets in Yerevan. He has many regular customers, who prefer to make their purchases specifically at his store, due to the quality of merchandise and Varuzhan's kindness. He works without days off and is able to support his family, and pay for his son's university education, thanks to the earnings from this business. Varuzhan needs a loan in the sum of 1,000,000 Armenia dram for the purchase of a large inventory of merchandise, such as purses, watches and belts, in anticipation of the New Year and Christmas holidays. These types of merchandise sell especially well as presents at the current time.
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Варужан родился в 1966 г в городе Капане. Он окончил Ереванский Политехнический институт, где получил специальность инженера-радиотехника
Варужан женат и у него двое детей: сын и дочь. Сын Варужана учится на платном отделении Ереванского Медицинского Университета, а дочь учится в средней школе.
Варужан долгие годы работал спасателем в Министерстве Чрезвычайных Ситуаций. С 2011 года он занимается частным предпринимательством в арендованном помещении: он продает галантерею (сумки, школьные портфели, пояса, зонтики), часы, очки и т.д. Товары для магазина Варужан закупает раз в месяц на оптовых рынках города Еревана. У Варужана много постоянных клиентов, которые предпочитают делать свои покупки именно из его магазина, благодаря хорошему качеству товаров и доброжелательности самого Варужана. Варужан работает без выходных и благодаря выручке от своего бизнеса, он содержит свою семью и платит за обучение сына в университете.
Варужану необходим кредит на сумму 1.000.000 армянских драм для закупки большой партии товаров: сумок, часов и ремней в преддверии Новогодних и Рождественских праздников. Именно эти товары хорошо продаются в качестве подарков в данный период времени.

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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $13,954,625
    Funds lent in using Kiva
  • 382.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Varuzhan to buy a large inventory of purses, watches and belts.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 20, 2011
Dec 21, 2011
Currency Exchange Loss:
Dec 22, 2012