Check out some available loans that are similar to this one!
Aren is 27 years old and lives with his mother in Vanadzor city. He has dreamed of becoming an engineer and being a student of Yerevan State Engineering University. But he hasn't managed to achieve this dream. After he served in the army he started to work in order to sustain his family. In 2008-2009 he trained in Moscow and used to work there for a short time.
After his return to his motherland Aren started to work in one of Vanadzor’s businesses as an electrician. His uncle, who is also electrician, has helped him by giving him the necessary knowledge. Now Aren is a good specialist and able to repair any electrical equipment and electrical appliances. Aren has a good reputation as an electrical equipment repairing master and have a lot of work in Vanadzor.
Now Aren is a skilled electrician and has worked in some different businesses supporting them with his electrical knowledge and is able to support his family needs.
Now Aren is seeking a loan from Kiva to buy some tools and equipment needed for his work.

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

About Armenia

  • $6,300
    Average annual income
  • 167
    View loans »
    Armenia Loans Fundraising
  • $14,947,325
    Funds lent in using Kiva
  • 418.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Aren to buy some tools and equipment needed to repair electrical items.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 21, 2013
Apr 22, 2013
Currency Exchange Loss:
Oct 17, 2014