Check out other loans that are currently fundraising!
Armen is 52 years old. He and his family (including his father and mother, who are retired, his wife and his son) live in Yerevan. Armen’s son helps him very much, and sooner or later he will take over his father’s business.

For many years Armen worked in the tax system, but the low income and great changes in that system made Armen radically change the sphere of his work. He began a new business, together with his friend. They rented a small space, where they used to sell live fish. But now, Armen works separately, and he has enriched the services of his business. Armen not only sells the fish, but he also has all the needed equipment to prepare good and tasty fish on the grill. Armen’s stall is very famous and visited daily by the people living nearby, and also by those who especially want to taste fish prepared by Armen.

The income from the fish business satisfies Armen, but he plans to enlarge both the assortment of fish and his business services. Armen asks a loan of 670,000 Armenian drams. He will use part of this loan to rent a car for the delivery of prepared fish, and part to buy a lot of fish to sell.

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


About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 417.2
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Armen to rent a car for the delivery of prepared fish, and to buy a lot of fish to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 29, 2013
Currency Exchange Loss:
Jun 17, 2015