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Zhora is a hairdresser with a good reputation in Vanadzor city. He has been engaged in this occupation for more than seven years. Zhora rents a place in one of Vanadzor’s beauty salons and carries out his work. For two years he worked in the Russian Federation, but he decided return to his motherland and work in his lovely city.

Zhora is married and lives with his wife and two children in Vanadzor city. He is the only bread winner in his family and he works throughout the day to meet his young family's needs.

Zhora is asking Kiva lenders for a 300,000 Armenian dram (AMD) loan to buy a new barber chair and hairdressing tools in order to provide high quality services to his customers.

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
  • 136
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 411.4
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Zhora to buy a new barber chair and hairdressing tools.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 3, 2013
May 4, 2013
Currency Exchange Loss:
Nov 18, 2013