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Armen
Armen has been involved in repairing and painting cars for 20 years. He leases a space, which he remodeled to serve as an auto repair shop. Armen buys old cars, fixes and paints them and then sells them. He also accepts individual orders for auto repairs and painting. Armen lived in Russia for several years and was involved in the same business there. He brought all of the necessary equipment for his business from Russia and currently continues his business in Armenia. Thanks to the profits from the business, Armen purchased a truck, with the help of which he transports essential spare parts for his business. Armen is 42 years old. He lives in the city of Kapan. He is married and has two daughters, who attend school. Armen's parents also live with him. Thanks to his business, Armen provides for his family. He had previously obtained a loan from Nor Horizon and currently needs 1,000,000 dram to purchase a small used truck. He plans to repair and paint this vehicle and then resell it.
View original language description ↓
Армен занимается ремонтом и покраской автомобилей на протяжении 20 лет. Он арендует помещение, которое он переоборудовал в автомастерскую. Армен покупает старые автомобили, чинит их, красит и продает. Также он принимает индивидуальные заказы на ремонт и покраску автомобилей.
Армен в течении несколько лет жил в Росси и занимался там тем же бизнесом. Он привез из России все необходимое оборудования для своего бизнеса и сейчас продолжает свой бизнес в Армении. Благодаря прибыли от бизнеса Армен приобрел грузовой автомобиль с помощью которого он перевозит необходимые запчасти для своего бизнеса.
Армену 42 года, он проживает в городе Капан. Армен женат и у него есть две дочери, которые учаться в школе. Также вместе с Арменом живут его родители.
Благодаря своему бизнесу Армен содержит семью. Он уже получал кредит от Нор Оризон, и сейчас ему необходимо 1.000.000 драм для покупки небольшого старого грузового автомобиля. Он собирается отремонтироваться и покрасить данный автомобиль, а потом перепродать его.

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
  • 126
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 388.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Armen to buy a used truck in order to repair, paint and sell it.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014