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Vigen
Vigen lives in the city of Kapan with his wife and two children, both of whom are students. Vigen studied geology at the Polytechnic Institute, but now he has his own business, unrelated to his studies. For eight years he has been engaged in trading fresh fish, and recently he managed to buy space so he can work without paying rent. Vigen has great variety of fish, which he buys from fishermen at the Kapan and Kajran wholesale markets, where they bring live and fresh fish. Vigen has some new plans for enlarging his business. He is applying for a loan of 1,100,000 AMD (Armenian drams) to open a public food preparation point right in his shop, making us of the perfect assortment of fish that he sells in his shop.

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
  • 129
    View loans »
    Armenia Loans Fundraising
  • $12,919,250
    Funds lent in using Kiva
  • 406.1
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,725 helped Vigen to open a public food preparation point right in his shop, with the perfect assortment of fish that he sells in his shop.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 29, 2013