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Harutyun
Harutyun was born in 1985 in Armavir city. But for already eight years now, he and his family have lived in Yerevan. Harutyun is not married and he lives in an apartment of his near relations with his retiree mother, brother and his jobless sister-in-law.

For more than five years Harutyun has been engaged in commerce. He rents a stall where he sells mixed products, such as various wires, pipes, wire rope, etc. Harutyun buys his merchandise from wholesale markets once a month. Also, he sells skewers that his brother makes.

Thanks to his business Harutyun is able to provide for his family. This is his second loan from Nor Horizon and now he needs a $1,800 loan to buy water valves, pitchforks and other products to resell.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Armenia

  • $6,400
    Average annual income
  • 123
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Harutyun to buy water valves, pitchforks and other products to resell.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Feb 23, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013