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Vahe has been making furniture for the last 10 years. He makes cupboards, bookcases, chairs, tables, sofas, armchairs, etc. in his own garage, which he remodeled as a workshop. Vahe repairs old furniture as well. He fulfills private orders and also sells his production in Ijevan's shops. Vahe always has many customers as he does his work very well and his furniture is very durable.

Vahe brings raw materials and necessary items for his business from Yerevan. He needs a 700,000 Armenian dram loan to buy a car, which he will use for bringing materials from Yerevan and also to transport his products to his clients.

Vahe is 27 years old and he lives in Ijevan. Vahe's family consists of his parents, two brothers and his brother's family. Thanks to his business Vahe covers the major part of his big family's needs, as his parents, as one of his brothers and sister-in-law don't have a job.

This is Vahe's second loan from Nor Horizon.

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
  • 121
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 392.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Vahe to buy a car for his furniture production business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 12, 2012
Apr 19, 2012
Currency Exchange Loss:
May 17, 2014