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Ashot is 47 years old. He lives in Vanadzor city, which is in the Lori region. He is married and has two children: a son and a daughter. Ashot has a vocational education; he has graduated from Agricultural College, Veterinary Department. Now he works as a butcher at the Vanadzor city food market in a rented stall. He has been engaged in this business for three years and already has many loyal customers who trust Ashot. They know that they can buy fresh and clean products from his stall. Ashot buys the meat from the farmers of nearby villages twice in a month.

Ashot asks for a loan in an amount of 800,000 Armenian drams to buy a car in order to be able to bring the meat from different villages by his own car; it will lighten his work and save his money, which he uses on renting a car for the meat transfer.

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
  • 120
    View loans »
    Armenia Loans Fundraising
  • $14,377,525
    Funds lent in using Kiva
  • 409.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Ashot to buy a car in order to be able to bring the meat from different villages by his own car to lighten his work and save money that he uses on renting a car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 21, 2013
Currency Exchange Loss:
Jul 17, 2015