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Garnikwas born in 1960 in the city of Kapan. He graduated from the Kapan construction vocational school and is a construction worker by trade. Garnik is married and has two children. Garnik's wife is a homemaker; his older daughter studies in the civil engineering faculty at the Kapan Polytechnical Institute; and his younger daughter finished secondary school this year.

Garnik has been doing shoe repairs for 20 years. Ganik has his own machines and shoe molds, but he leases the shop where he operates his business. Once a month he purchases materials in the city of Erevan.

Garnik always has many clients because he does high-quality and quick work. Garnik works late into the evening, which allows clients to stop by at the end of their work day.

Thanks to his own business Garnik supports his family and pays for the education of his older daughter. Garnik needs a loan of 1,000,000 dram to acquire equipment (a machine for sewing chains to boots) for his workshop, as well as to purchase materials (leather, soles, etc.)
View original language description ↓
Гарник родился в 1960 году в городе Капане. Он окончил Капанский строительный техникум и по специальности он строитель. Гарник женат и у него двое дочерей. Жена Гарника домохозяйка, старшая дочь учится в Капанском Политехническом институте на строительном факультете, а младшая окончила среднюю школу в этом году.
Ремонтом обуви Гарник занимается на протяжении 20 лет. Гарник имеет собственные станки и обувные формы, а помещение, в котором он занимается бизнесом, Гарник арендует. Раз в месяц он закупает сырье из города Еревана.
У Гарника всегда много клиентов, так как он делает свою работу качественно и быстро. Гарник работает до позднего вечера, что позволяет клиентам обращаться к нему после окончания их рабочего дня.
Благодаря своему бизнесу Гарник содержит семью и платит за обучение старшей дочери.
Кредит на сумму 1.000.000 драм необходим Гарнику для приобретения обородования (станка для пришивания цепочки к обуви) для своей мастерской, а также для покупки сырья (кожи, подошв и т.д.).

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
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 383.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Garnik to buy equipment and materials for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 26, 2011
Dec 28, 2011
Currency Exchange Loss:
Aug 25, 2012