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Arsen was born in 1961 in Yerevan. He lives with his wife and son, as his daughter is married and she lives with her husband in another country. Arsen graduated from the University of Economics and has a Masters degree in the field of Economics. He worked in different factories and companies as an economist and accountant for more than 11 years.

Since 1995, Arsen has been engaged in his own business. He started with a petrol importing business but now he is running a food and household goods trading business from the first floor of his own house which allows him to save on rent. Arsen’s wife helps him in his business and thus they provide for their family. A lot of people from Arsen’s local area prefer to buy goods from his shop as it is situated in a very convenient place and customers can always find everything for their daily needs. Arsen is asking for a $3,000 loan to buy dairy products, sunflower oil, sausages, detergents, hair dyes, etc. for his shop.

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
  • 128
    View loans »
    Armenia Loans Fundraising
  • $14,869,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Arsen to buy dairy products, sunflower oil, sausages, detergents, hair dyes, etc. for his shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 7, 2012
Mar 16, 2012
Currency Exchange Loss:
Oct 17, 2013