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Vigen
Vigen has worked in one of the Armenian construction companies as a builder, but his salary was very low, and he couldn't cover even his own costs. So, he decided to create his own business.

He built on his property a shop where he has run a fish-trading business up to now. This activity was profitable and soon he expanded the volume of his sales. Vigen has many clients in Ijevan city and receives much profit. Now Vigen is a successful young businessman.

Vigen is 25 years old and lives in Ijevan city with his parents and sister. His mother and sister don't work. Vigen’s father helps him in his trading occupation. Vigen and his father transfer the fish from Ejmiadzin city with their own car and resell it in their fish shop. With income from the fish-trading business, Vigen supports his family’s needs; he has bought furniture and some electronics.

A Kiva loan will help Vigen to construct the second floor of his shop. He wants to expand his business more and hopes to receive more profit from his business.

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
  • 89
    View loans »
    Armenia Loans Fundraising
  • $12,418,775
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Vigen to construct the second floor of his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014