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Samvel is 59 years old and lives in Vanadzor City with his wife and a daughter.

Samvel works at a school as a watchman, his wife works at the same school as a teacher, and his daughter works at a disk shop as a shop assistant.

Samvel says that their salaries aren’t enough for maintenance of the family, and that’s why he runs a clothes trading business as well. Samvel has engaged in business more than fifteen years. He rents a stall in the central market and sells women’s clothes, which he buys from Yerevan. Three or four times a month Samvel and other sellers from the same market rent a car and go to Yerevan's wholesale markets for buying goods to resell.

In his business, Samvel emphasizes house suits and dressing gowns.

This is Samvel’s third loan from Nor Horizon and now he is seeking an 800,000 AMD loan to buy a large lot of sweaters, trousers, and dressing gowns 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
  • 99
    View loans »
    Armenia Loans Fundraising
  • $13,984,325
    Funds lent in using Kiva
  • 387.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Samvel to buy a large lot of sweaters, trousers, and dressing gowns for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jan 20, 2012
Jan 22, 2012
Currency Exchange Loss:
May 17, 2013