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Artsruni
Artsruni is 47 years old. He lives in Vardablur village, in the Lori area. He is married and has two sons: his elder son is studying at an institute in Russia, and his younger son is a pupil. Artsruni and his wife are teachers and they both work at a village school. As well as his work at school, Artsruni has run his own shop more than ten years. In his shop he sells food and household goods. He buys wares from providers.
Artsruni says that his teacher’s salary is not enough to support his family, so his business allows him to provide his family with everything necessary. As trade before holidays is very active, Artsruni intends to increase his shop's assortment of goods. Therefore, he is asking for an 800,000 AMD loan to buy a large quantity of beverages, dairy foods, flour, sugar and various household goods for his shop.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • 382.7
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,100 helped Artsruni to buy a large quantity of beverages, dairy foods, flour, sugar and various household goods for his shop.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Possible
Expired:
Feb 21, 2012