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Arayik
Arayik and his family live in Vanadzor city which is in Lori region. He lives with his wife and two sons. Arayik works as a terminable serviceman and he has shift work, so at the same time he has his own business. In their house he has a workshop where he makes different kinds of laminate furniture and wooden beds. He sells his ready products to Vanadzor furniture shops. He has been in this business for five years. Sometimes his sons help him if there are a lot of orders and he can not manage alone.

Arayik is asking for a loan of 600,000 Armenian drams in order to buy wood and laminate for his furniture production.

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

  • $6,400
    Average annual income
  • 91
    View loans »
    Armenia Loans Fundraising
  • $12,373,675
    Funds lent in using Kiva
  • 410.3
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Arayik to buy wood and laminate for his furniture production.
75% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Aug 6, 2013
Currency Exchange Loss:
Possible