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Ara is 38 years old. He lives in Ijevan with his family, which consists of his wife and three school aged children: two daughters and a son. His wife is a nurse and she works at Ijevan polyclinic.
Ara graduated from the Agricultural Academy and has engaged in trading for more than 18 years. In his shop, Ara sells food and household goods. He also has storage where he keeps flour and fodder for wholesale. Ara buys the major part of merchandise from suppliers but once or twice a month, Ara rents a car and goes to Yerevan to buy goods.
Ara is asking for a $ 3,000 loan to buy various household goods and wholesale flour and fodder for resale

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.

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About Armenia

  • $6,300
    Average annual income
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ara to buy various household goods and wholesale flour and fodder for resale.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 23, 2012
Feb 26, 2012
Currency Exchange Loss:
Aug 17, 2014