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41-year-old Andranik runs his own small barber shop in Vanadzor. Andranik has many regular costumers because he has broad experience, as he has been engaged in this business more than 15 years. Andranik has equipped his barber's shop without assistance, and thanks to his occupation he keeps his family.

This is Andranik's second loan from Nor Horizon and now he is asking for a AMD 300,000 loan to buy a new barber's chair and also a water heater for his business. New facilities will allow Andranik to serve his clients in comfortable conditions and to meet their requirements.

Andranik is married and he has three small children. Andranik’s wife stays at home and takes care of the children.

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
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 398.7
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Andranik to buy a new barber's chair and also a water heater for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 21, 2012
May 22, 2012
Currency Exchange Loss:
Jan 3, 2013