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Gegham is 37 years old and lives in Vanadzor city in the Lori region. He is married and he lives with his retired mother, wife and two children. Gegham works as a coffee distributor. He has a large assortment of coffee that he delivers to nearly 200 shops in the Lori region. He has a small truck of his own and, as he mentions, all day long he drives to different places and works till late at night.

Gegham has some new plans. Together with coffee, he wants to deliver some sweets (candies, cakes). So he is asking for a loan of 700.000 Armenian drams to buy an assortment of sweets and try this new business along with his current one.

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.

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About Armenia

  • $6,300
    Average annual income
  • 142
    View loans »
    Armenia Loans Fundraising
  • $14,433,975
    Funds lent in using Kiva
  • 405.9
    Armenia Drams (AMD) = $1 USD
A loan of $1,725 helped Gegham to buy an assortment of sweets to sell.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 1, 2013
Currency Exchange Loss:
Oct 1, 2013