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Ararat was born in the beautiful village of Lernadzhor which is in Kapan area. Till now he lives there with his big and nice family. Ararat is married, he has two daughters one of whom is married and lives separately with her family, and a son, who is also married and has two sons. Ararat’s father lives with them also and he is retired.

For many years Ararat has had his own business; first it was a small stall, where he used to sell foods and different vegetables, but lately he has built a new shop which is bigger, more comfortable and with great variety of products of the first necessity. The place of his shop is convenient since it is along the route Yerevan-Tehran. And it is greatly and daily visited by tourists, villagers and passers-by. Ararat buys the necessary products for his shop from villagers and gets deliveries of different products from Yerevan wholesale markets.

Ararat is asking for a loan of 1,000,000 Armenian drams to buy more products; meat products, juices, non-alcohol drinks, sweets, dairy products and household products for his shop. He hopes to receive a good profit from this deal and to increase the income from his 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

  • $6,300
    Average annual income
  • 129
    View loans »
    Armenia Loans Fundraising
  • $14,333,525
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD
A loan of $2,400 helped Ararat to buy more products for his shop including meat, juices, non-alcoholic drinks, sweets, dairy products and household products.
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 13, 2013
Jun 15, 2013
Currency Exchange Loss:
Jul 15, 2013