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Tigran
Young businessman Tigran was born in Kapan city, where he lives with his grandparents. More than five years ago, Tigran's parents moved to the Russian Federation for work abroad.

Tigran is 24 years old. He graduated from State Armenian Engineering University but has never worked in that field. After serving in the military, Tigran had the chance to join to his parents in Russia, but as a very patriotic young person, he preferred to stay in his motherland and start his own business in his lovely city, Kapan. Last year Tigran rented a place in Kapan to run an internet and computer service business. His parents initially helped him buy some computers and furniture for his internet café. Now Tigran is very happy and appreciated by his business. Not every person has internet in his or her house in Kapan city, so Tigran has gathered a large number of customers in a short period of time. His main clients are students from Kapan.

This is the first loan for Tigran with a financial company and he preferred to work with Nor Horizon and Kiva. He decided to expand the services in his internet café and asks from Kiva a loan of 2,900 USD to buy a new computer, new desks and a printer for his internet café.

Tigran hopes for Kiva lenders' support in his newly created 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.

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
  • 111
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,900 helped Tigran to buy a new computer, new desks and a printer for his internet café.
74% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2013
Listed
May 28, 2013
Currency Exchange Loss:
N/A