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Khoren is 38 years old. He lives in Ijevan city with his big family, which consists of seven members. Khoren lives with his parents, his wife, two small sons and his brother. Khoren’s wife stays at home and takes care of their children, and his father is a pensioner. Khoren’s mother works as an accountant at the Ijevan road building company, and Khoren works at the same company as a worker.

Simultaneously with his work at company, Khoren runs his own production business. He and his brother produce building materials in their house's yard. They produce pumice stone blocks, flagstones, stairs, etc., to private orders. Thanks to the business, Khoren and his brother support their big family.

This is Khoren’s fifth loan from Nor Horizon, and he always does his repayments on time. Now he needs a 1,000,000 Aremian dram (AMD) loan to construct a dryer, which will allow him to dry final products, and thus shorten the period of production.

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
  • 388.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,600 helped Khoren to construct a dryer, which will allow him to dry final products.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 8, 2012
Feb 11, 2012
Currency Exchange Loss:
Sep 17, 2014