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Hamlet
Hamlet is 41 years old and he lives in Vanadzor city with his wife, two sons, and retired mother. Hamlet has no higher education, but it is already five years that he perfectly manages the furniture-making handicraft, the income of which serves as his family's livelihood. He makes various fashionable furniture for bedrooms and guestrooms, cabinets and soft furniture.

Hamlet’s furniture-making activities take place in a small workshop beside their house. The materials that he needs during his work are bought from the building materials shops of his city. Hamlet takes individual orders and after a short wait, the ordered furniture is ready for the customer.

Hamlet is asking for a loan of 500,000 Armenian drams to buy dry timber for his furniture-making activities.

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
  • 102
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Hamlet to buy dry timber for his furniture-making activities.
83% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Sep 8, 2013
Currency Exchange Loss:
Possible