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Sevada
Sevada is 30 years old, and he lives with his family in Kapan City. He has graduated from the Yerevan State Polytechnic Institute Mining and Metallurgical Department. Now he works as an engineer at the Mining and Processing Plant. Sevada is married and he has a daughter and a son. His wife also works at the power plants. Since the money that Sevada and his wife earn is hardly enough for their family's everyday use, there are still many things that they need for their house.

Sevada asks a loan of 1,000,000 Armenian drams to buy some equipment for their home. They are sure that the support from Kiva lenders will bring great happiness to their children, since they want very much to have a new TV, a computer and etc.

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
  • 95
    View loans »
    Armenia Loans Fundraising
  • $13,536,025
    Funds lent in using Kiva
  • 410.4
    Armenia Drams (AMD) = $1 USD
Expired
A loan of $2,450 helped Sevada to buy some equipment for their home.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 10, 2013