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Harutyun is 30 years old and lives with his family in Siptak city, which is in the Lori region. He lives with his retired parents, wife, and two small sons. Harutyun has the higher education of an economist. For several years he has worked as a director of the house of culture in their city. Now Harutyun works at the Debed Hydro Power Plant as an inspector. Very recently Harutyun repaired his house, but he has a great problem connected with the heating of his house, since all the windows are old and worn out and they need to be changed. Only in this way will it be able to keep in the warmth of the house.

Harutyun asks for a loan of 700,000 Armenian drams (AMD) to buy and change the windows of his house to provide his family members with a warm and comfortable winter.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.


About Armenia

  • $6,300
    Average annual income
  • 127
    View loans »
    Armenia Loans Fundraising
  • $14,350,650
    Funds lent in using Kiva
  • 412.0
    Armenia Drams (AMD) = $1 USD
A loan of $1,700 helped Harutyun to buy and change the windows of his house to provide his family members with a warm and comfortable winter.
Repayment Term
32 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 11, 2013
Currency Exchange Loss:
Oct 11, 2013