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Garik
Garik is 43 years old and is a technician who graduated from Vanadzor State Technical College. As he confessed during his studies, he didn't like his chosen profession and he realized that it was not for him. After graduating, Garik started to work in sewing factories, first as a carving-worker and then as a tailor. He realized that being a tailor attracted him. Now, he works in one of the sewing factories in Vanadzor city. Garik also works also privately in his workshop, which is not far from his house, making and repairing clothing. The profit from his work enables him to sustain his family. Garik is a famous stylist in Vanadzor city and has many clients and orders.

Garik is requesting a 350,000 AMD loan to buy textiles and other tools such as threads, buttons, needles, and other items. In the future, he dreams of creating a fashion center in Vanadzor city and of advising Vanadzor dwellers how to dress with good taste.

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
  • 114
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Garik to buy textiles and other tools such as threads, buttons, needles.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014