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Boris
Boris is 55-years-old and lives in Lchashen village in the Gegharkunik area with his wife. His children are married and live separately from their parents. Boris is a cook and for many years has worked in some catering facility. In 1998 he launched his own business. He provides services for funeral rituals and different ceremonies. He has rented a building where he performs his activities. He is pleased, as this brings him more income. He is also engaged in animal-husbandry. Boris’s wife helps him with the animal breeding.

Now Boris is requesting a loan to add to the number of chairs and tables, and do some repair work to his building. Boris says that since 1998 the building has never been repaired and in order to increase the number of clients and special orders he must do some repair work. Now he wants to replace his chairs and tables, and create more comfortable and modern conditions for his clients.

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
  • 96
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 414.2
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,425 helped Boris to buy chairs and tables and do some repair work in his restaurant.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015