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Mamikon lives in Sevan city in Gegharkunik region. He is married and has a son. His son is a weightlifter and a European Championship silver medalist. Mamikon and his wife are very proud of their son, and how could they not be since he is such a strong, masculine, kind and modest person? Mamikon’s wife does not work, but she takes care of her family and their house.

Mamikon has the qualification of a hairdresser. For ten years he has run his business, a beauty salon of his own. He has a lot of loyal customers and his salon is very famous in their city with its high quality service and low prices.

Mamikon asks for a loan of 1,000,000 Armenian drams (AMD) because he wants to change the water supply system and make improvements to the interior of his salon.

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
  • 166
    View loans »
    Armenia Loans Fundraising
  • $14,954,275
    Funds lent in using Kiva
  • 410.1
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Mamikon to change the water supply system and make improvements to the interior of his salon.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 11, 2013
Aug 11, 2013
Currency Exchange Loss:
Aug 17, 2015