Check out other loans that are currently fundraising!
Arsen and his family live in Vanadzor which is in the Lori region. He lives with his wife and two children. The only source of family income is the fruit-vegetable trade that he has been engaged in the last four years. In his own car he drives around the city and sells a great variety of vegetables (tomatoes, cucumbers, greens, cabbage and potato) and fruits (apples, peaches, plums, pears, strawberries, etc.). The products that he sells he buys from local wholesale markets. His wife helps him greatly in his business. Profits from the fruit and vegetable trading allow Arsen to meet his family’s needs.
Arsen is asking for a loan of 320,000 Armenian drams in order to buy a large supply of vegetables and fruits, which will allow him to distribute vegetables and fruits to different food markets.

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


About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 409.6
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Arsen to buy a large supply of vegetables and fruits.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 23, 2013
Sep 19, 2013
Currency Exchange Loss:
Jun 17, 2014