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Karen lives in Sevan city in the Gegharkunik region. He is married and he lives with his wife, school-aged daughter, his mother and his brother’s family.

Karen has a higher education in engineering. For several years Karen has worked at the company which specializes in refrigerator repairing. Since 2009 Karen has become the director of the same company.

Karen asks a loan of 1,000,000 Armenian Drams to buy a car, which you can see in photo, for his own use.

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

  • $6,300
    Average annual income
  • 159
    View loans »
    Armenia Loans Fundraising
  • $14,910,275
    Funds lent in using Kiva
  • 409.6
    Armenia Drams (AMD) = $1 USD
A loan of $2,450 helped Karen buy a car.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 23, 2013
Currency Exchange Loss:
Oct 23, 2013