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Sevada
Sevada is engaged in auto repairing and agricultural businesses. He has re-equipped his own garage to be a workshop and runs his auto repairing business there. Sevada does car seat and body upholstery, car body noise insulation and also repairs plastic details of cars.

At the same time, Sevada and his family breed swine, chickens and grow potatoes, maize, onions, string beans, apples and peppers, agricultural products they use for their family’s needs.

Thanks to his 2 occupations, Sevada is able to provide for his family.

Sevada is 35 years old. His big family consists of his mother, his wife and three under-aged children: two sons and a daughter. Sevada’s mother works as a teacher at school, his wife stays at home and takes care of their children and helps Sevada in farming.

This is Sevada’s second loan from Nor Horizon and now he is asking for a $3,000 loan to buy necessary materials for his auto repairing business (such as sponge, fabric, leather, sheets of rubber, etc.) and also two more pigs and fodder for his pigs and chickens.

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
  • 92
    View loans »
    Armenia Loans Fundraising
  • $12,398,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Sevada to buy necessary materials for his auto repairing business, and also 2 more pigs and fodder for his pigs and chickens.
91% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
N/A