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Vahe
Vahe lives in Stepanavan city in the region of Lori. He is a young businessman, 31 years old. He lives with his mother. His father is in the Russian Federation in abroad work. Vahe has a small business on a leased space. It is an outdoor café which is located at the city park. He has been in this business for two years. All the products that he needs for his café, he takes from providers. The waiter of café at the same time is the cook of café, and he helps Vahe very much. Vafe’s café is very famous around their small town and people like to come here and enjoy their leisure time. Vahe wants to make this place more comfortable and more popular, and he asks a loan in an amount of 550.000 Armenian drams to buy children’s entertainment and gaming accessories.

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.

Tags

About Armenia

  • $6,400
    Average annual income
  • 125
    View loans »
    Armenia Loans Fundraising
  • $12,898,900
    Funds lent in using Kiva
  • 415.2
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,325 helped Vahe to buy children’s entertainment and gaming accessories.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible