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Artem
Artem, 42, lives in Ijevan City with his wife and two school-aged children. He has been engaged in trading activities since graduating from secondary school. Since 1997, he has run a fruit and vegetable trading business, which brings him sufficient profit to provide for his family's needs.

Artem’s wife helps him in this activity. Artem is very pleased and says that this business has enabled him to buy furniture and a car.

Now he seeks a loan to buy an assortment of fruit and vegetables for resale in his rented stall in Ijevan market. He will use the anticipated profits to repair his house.

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
  • 180
    View loans »
    Armenia Loans Fundraising
  • $13,004,275
    Funds lent in using Kiva
  • 418.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Artem to buy an assortment of fruit and vegetables for resale in his rented stall.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013