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Marat, 22, lives with his parents in Vanadzor, Armenia. He has graduated from the Faculty of Ecology at Vanadzor State Pedagogical University.

From time to time, Marat’s father goes to the Russian Federation to work abroad. Marat didn't continue his studies to receive a master’s degree because the family’s financial situation worsened at that time. It was a most difficult time for his family. He decided he needed to organize business activity that would help him meet his family's needs.

Marat engaged in the perfume and household goods trading business and has been in that business for about a year. He buys a large amount of goods from Yerevan’s wholesale markets and transports them in a rented car to the trade centers of Lori region and Vanadzor.

His business is going very well, and he is pleased. The profit from this activity is good, because there has been a great demand for perfumes in the Lori region in recent years, and they are sold in large volumes. Marat's parents are very proud of their only son and hope that, in the near future, he will reach a good financial level.

Marat has asked for a loan of 1,000,000 Armenian drams to buy his own car to deliver goods, which will help him carry out his trading activity. He says he has spent much money on renting cars. Owning a new car will eliminate unnecessary costs.

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
  • 142
    View loans »
    Armenia Loans Fundraising
  • $14,390,525
    Funds lent in using Kiva
  • 418.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Marat to buy his own car to deliver goods.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 13, 2013
Mar 31, 2013
Currency Exchange Loss:
Oct 17, 2014