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Norik
Norik is 61 years old and lives in the village of Pambak in the Lori region of Armenia. He is married and he lives with his wife, son, and daughter-in-law. Norik has higher education in pedagogy. For several years he has worked as a teacher of Armenian History and then as a director of the school. Now he works at the Ministry of Environment of the Republic of Armenia, in the department of Water Resources Management, and is a leading specialist of basins at the Territorial Administration.

Norik’s workday is very active and several times a day he has to drive to different places using a colleague's car, since he has no car of his own.
Norik requests a loan of 500,000 Armenian drams to buy a car which will save his time and expenses each workday.

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.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,400
    Average annual income
  • 105
    View loans »
    Armenia Loans Fundraising
  • $12,432,975
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $1,250 helped Norik to buy a car which will save him time and expenses each workday.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 28, 2013