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Ruslan was born in 1950 in Khashtarak Village, Tavush Region. Ruslan is married and now his family consists of his wife, his son, daughter-in-law, and his two year-old grandchild. Nobody in Ruslan’s family works except for him. Ruslan works at Ijevan Road Building Company as a welder. Ruslan also has run his own business for almost 40 years: he fulfils private orders for welding. He has his own truck and necessary equipment for welding. Ruslan offers his service to the entire Tavush region’s territory, and so he has many orders. With the income from his business Ruslan keeps his family well. Recently his welding equipment was damaged, and as this is only source of income for Ruslan’s family, he is asking for a $ 3,000 loan to repair it to continue to fulfill orders on a high level.

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 Ruslan to repair welding equipment.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Feb 27, 2012
Feb 29, 2012
Currency Exchange Loss:
Jan 17, 2014