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Saribek
Saribek is 44 years old and lives in Sevan city with his wife. He has three daughters who are married and live separately from their parents with their new families.

Saribek graduated only secondary school and has no specialization, as after serving in the Soviet army, he married and didn't have the ability to study in University. He started to work as a foreman in a bread factory in order to sustain his newly created family. Saribek has dreamed to become an economist.

He worked as a foreman until 2002, when he decided to create his own business. He launched a food-trading business in the food market of Sevan city. This activity brought him more profit, and his family income increased and enabled him to buy a small shop. In 2007, he started to do his food-trading business in his own shop. He sells dairy products, bread, meat, oil, some non-alcoholic drinks, candies, etc.

Today, Saribek is very pleased with his life. He confessed that though he didn't become an economist, he has three wonderful children, which are his great pride and gift in life.

Saribek needs a 500,000 Armenian Drams loan to increase his food assortment by buying food for reselling in his shop, which will help him to receive a good profit and to enlarge his business in the future.

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

  • $6,400
    Average annual income
  • 189
    View loans »
    Armenia Loans Fundraising
  • $13,239,150
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Saribek to buy food for reselling in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013