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Arman
Arman is 27 years old. He was born in Goravan village in the Ararat region.
Arman is married and now lives with his wife, two children and mother in Vedi city which is in the Ararat region. After his military service in the Armenian army, Arman went to work in Russia and tried to meet his family needs from abroad. But after some years which he spent far from his motherland, he decided to return to Armenia, get married and start a new life in his native country.
Arman is a good blacksmith and welder. He has done this for more than 7 years and has a good reputation in the region. Arman very easily makes gates, various metal items, railings and many other useful things. He thinks all blacksmiths and welders should be creative, which helps them create and build interesting and unique things that are always different from the works of other masters. Arman is very pleased with his profession and is able to meet his families needs and take care of his mother.
Arman requests a 400,000 Armenian dram loan to buy a few necessary tools and raw material for his blacksmith 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.

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About Armenia

  • $6,400
    Average annual income
  • 97
    View loans »
    Armenia Loans Fundraising
  • $13,470,000
    Funds lent in using Kiva
  • 418.3
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Arman to buy a few necessary tools and raw materials for his blacksmith business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014