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Vahe is 30 years old and lives in Vanadzor city. Vahe is unmarried and lives with his parents. His brother now lives and works in the Russian Federation and often helps his family in Vanadzor by sharing their family expenses.
Vahe used to be a worker in Vanadzor's factories. Now he works as a welder. He has been working as a welder for about five years. He makes iron gates, grilles and the like to order.
He learned welding from his father, who has much experience in this specialized work. Vahe now has lots of clients and many orders in Vanadzor and nearby villages, and he has a good in the Lori region for his work.
Vahe has applied for a loan of AMD 120,000 to buy liquefied gas, oxygen cylinders and other suppliers for his welding.

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
  • 406.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Vahe to buy liquefied gas, oxygen cylinders and other supplies for his work as a welder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Jan 28, 2013
Currency Exchange Loss:
Dec 17, 2013