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Mayis
Mayis is 48 years old and lives in Vanadzor city. He lives with his pensioner mother, his wife and two daughters. Mayis has a high pedagogical education and for more than 15 years has worked as a sports teacher in Vanadzor secondary schools. Because his teacher’s salary is low, he decided to run his own business in Vanadzor.

More than one year ago Mayis started a pastry trading activity in the Lori area. He buys candies and cakes from wholesale markets, delivering and reselling it to food shops with his own car. With the profit from his business, Mayis is able to solve his family's needs and take care of his family better than some years ago. He would be very thankful to Kiva lenders if they lent him 500,000 AMD for increasing his merchandise assortment.

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

  • $6,300
    Average annual income
  • 164
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 403.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Mayis to increase his merchandise assortment.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014