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Samvel is 31-years-old. He lives in Vanadzor with his wife and a small son. Samvel’s wife is unemployed and she takes care of their son. Samvel has no higher education but he manages to run his own business.

Samvel has a car washing center in a space he rents. He has been in this business for two years and the income is too low. Only having a small family helps Samvel to overcome all the difficulties connected with his family needs and his business.

Samvel is requesting a loan of 300,000 Armenian Drams (AMD) to be able to provide new a carpet cleaning service. He wants to buy equipment for cleaning carpets, a rack for the carpets and a water line installation.

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
  • 110
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 409.5
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Samvel to buy equipment for cleaning carpets, a rack for carpets and a water line installation.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 16, 2013
Currency Exchange Loss:
Feb 20, 2015