Check out some available loans that are similar to this one!
Tomik is a 56-year-old miner. He has worked in the Kapan ore processing plant for many years. He completed the Kapan technical school with a specialty in mining. Tomik lives with his wife in Kapan while his daughter and son live and work in Yerevan. They help their parents in Kapan.

Tomik's profession is very dangerous and harmful to human health. Although he has always loved his trade and happily worked as a miner despite the difficulties, Tomik is no longer so young and he decided to start working in another field. He and his wife have opened their own shop in Kapan. Tomik's wife purchases clothing at the wholesale markets in Yerevan and brings them to Kapan to resell. According to Tomik, it is more advantageous to work in sales than in mining in Armenia. Hence, he is satisfied with his new trade.

Tomik needs a loan of 1,000,000 Armenian dram in order to renovate his small clothing shop in Kapan. He is hoping for help from Kiva.
View original language description ↓
Tомик шахтер, он уже много лет как работает шахтером на Капанском горнообогадительном комбинате. Томик окончил Капанский горный техникум по специальности горняк.
Томику 56 лет .Он проживает в городе Капан вместе с женой. Дочь и сын Томика живут и работают в Ереване и помогают родителям в Капане.
Специальность Томика очень опасная и вредная для здоровья человека но он всегда любил свою специальность и работал с удовольствием, несмотря на трудности и тяжести.
Но так как Томик уже немолодой, он решил занятся другим делом. Он открыл с женой свой собственный бизнес в капане . У них уже собственный магазин одежды в Капане. Жена Томика покупает одежду из оптовых рынках Еревана и привозит на перепродажу в Капан.
По словам Томика занятие торговлей более выгоднее чем работать шахтером в Армении. Он доволен своей новой деятельностью.
Для ремонта своего маленького магазина одежды в Капане, Томику нужен кредит на сумму 1,000,000 Армянских драм. Он надеется на помощ кредиторов Кива.

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

About Armenia

  • $6,300
    Average annual income
  • 126
    View loans »
    Armenia Loans Fundraising
  • $14,833,500
    Funds lent in using Kiva
  • 410.5
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,450 helped Tomik to repair his small clothing shop in Kapan.
83% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 4, 2013
Mar 13, 2013
Currency Exchange Loss: