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Robert
Robert is a 51-year-old widower who lives with his son and daughter in Vanadzor, Armenia. Both of Robert’s children are students at the State Armenian Pedagogical University. Robert graduated from there, too, and worked as teacher for more than nine years. Robert had to change his occupation due to low teacher pay since he is the only bread winner.

Robert has run his own business for ten years, selling foodstuffs and household goods trading in a rented place. He obtains a part of his merchandise from suppliers and another part he buys from Yerevan wholesale markets.

With the profit Robert earns from his business, he cares for his family’s needs and pays his children’s tuition fees. Robert believes that the main contribution for any Armenian parent is for their children’s education. He does his best to provide a good future for his children.

To increase his income, Robert needs a 300,000 AMD loan to add to his foodstuffs and household goods inventory.

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
  • 100
    View loans »
    Armenia Loans Fundraising
  • $12,668,425
    Funds lent in using Kiva
  • 406.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Robert to purchase more foodstuffs and household goods to sell in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014