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Artur was born in 1960 in Yerevan. He is divorced but his daughter lives with him. Artur completed higher education and worked for many years at an electric power plant as an electrical engineer. Artur says that his salary was not enough to support his family so he decided to start his own business. Artur rents a stall at one of the trade fairs where he sells a mix of products, including men's, women's and children's clothes, house slippers, underclothes and bathrobes. Artur buys merchandise from a neighboring country and from local wholesale markets. His daughter has completed higher education in management, but she could not find a job, so now she helps her father in the business. Thanks to their business income, Artur and his daughter provide for themselves.

Artur needs $2,800 to buy spring season trousers, blouses, children’s clothes sets and a large lot of bathrobes 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.

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About Armenia

  • $6,300
    Average annual income
  • 112
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,800 helped Artur to buy more clothes to resell in his shop.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 7, 2012
Mar 15, 2012
Currency Exchange Loss:
Apr 14, 2012