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Norayr was born in 1964 in Kapan, Syunik district. Norayr has a higher education; he graduated from Yerevan Political Institute with a major in mechanical engineering. Norayr lives with his wife and two daughters in their hometown Kapan.

At the moment, Norayr works in the Kapan Municipality. However as Norayr admitted, with his salary it is very difficult to adequately support his large family and therefore he decided to engage in business.

Norayr has his own premises in Kapan, where he organizes a variety of business seminars and often rents the place for such events. He considers that Kapan needs these kinds of premises as this is a growing city with a huge potential, and he is certain that his conference room will soon host major seminar and workshops, which will focus on the development of Kapan and the Syunk district.

Norayr needs a loan of 1,000,000 Armenian dram to complete the repair work on his conference room.
View original language description ↓
Норайр родился в 1964г. в городе Капан Сюникской области. У Норайра высшее образование , он окончил Ереванский Политехнический институт, по специальности инженер механик. Норайр живет с женой и двумя дочерьми в их родном городе Капан.
В данный момент Норайр работает в муниципалитете Капана. Но, как признался Норайр с его зарплатой очень трудно достойно содержать его большую семью и по этому он решил заниматся бизнесом.
У Норайра есть собственное помещение в Капане, где он организовывает различные бизнес семинары и часто сдает в аренду для подобных мероприятий. Он считает что Капан нуждается в таких помещениях так как это развивающийся город с огромными потенциалами и он уверен, что в его конференц зале скоро будут проходить важные семинары и совещания , которые будут направлены на развития Капана и Сюникской области.
Норайру нужен кредит на сумму 1,000,000 Армянских драм для завершения ремонтных работ в его конференц зале.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 410.5
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Norayr to repair his conference room for renting.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Feb 22, 2013
Mar 12, 2013
Currency Exchange Loss:
Nov 18, 2013