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Kamo lives in the city of Kapan, which is in the Syunik region. He has a specialty of geologist, but he has never worked in his specialty. Kamo is married and has three daughters. His daughters do not work. The youngest studies at the musical college. Kamo’s wife works as a cleaner.

It is already three years since Kamo established his own business. In his own garage, he sells a large, very large variety of car spare parts. He has nearly everything connected with cars and their care. His garage is well known and famous in his city, and his business is going ahead. He is happy to be able to provide normal living conditions to his family.

Kamo asks for a loan in order to renew the assortment of his car spare parts. This will help him to have more income and more new clients.

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
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,888,900
    Funds lent in using Kiva
  • 410.0
    Armenia Drams (AMD) = $1 USD
A loan of $2,450 helped Kamo to renew the assortment of his car spare parts, which will help him to have more income and more new clients.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 26, 2013
Jul 29, 2013
Currency Exchange Loss:
Aug 28, 2013