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Hovik
Hovik is a very young and already very successful businessman. He lives in Ijevan city with his grandfather and grandmother, who are already retired. His parents are in the Russian Federation for abroad work. It is already a year that he has been engaged in the fish selling business, which has brought a good profit to his family.

With the income of this business, Hovik managed to buy a car for himself and furniture for their kitchen. His grandparents are very proud of their grandson, since he takes care of them properly and perfectly with great love and respect.

Hovik asks a loan from Kiva lenders for the first time and he plans to buy large variety and large amount of fish from fish wholesale markets in order to enlarge both his business and his income from it as well. From the first partnership with Nor Horizon Hovik has had a practice of paying back the loan amounts properly and on time.

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
  • 174
    View loans »
    Armenia Loans Fundraising
  • $13,193,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hovik to buy a large variety and amount of fish from fish wholesale markets in order to enlarge his business.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014