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Artsrun
Artsrun is 21 years old and he is already a successful and clever businessman. He lives in Sevan city in Gegharkunik region with his father, mother and sister. Artsrun has a rented shop where he sells great range of stationary. Everything in his shop, as you can see in the photo, is sorted so neatly and carefully that it makes you want to buy something. Artsrun sells notebooks, folders, pens, pencils, felt-tip pens, rulers and calculators, children’s books of fairy tales, watercolors and special glues for papers and more in his shop. Artsrun also has a machine for document copying in his shop. Artsrun buys all his products from the companies who make wholesale trade in his city.

Artsrun asks for a loan of 500,000 Armenian drams to renew the stock in his shop for the beginning of the school year, since it is the perfect season to make a good income.

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

  • $6,300
    Average annual income
  • 152
    View loans »
    Armenia Loans Fundraising
  • $13,802,050
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $1,250 helped Artsrun to renew his shop's stock for the beginning of the school year.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 1, 2013