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Armen is 38 years old and he lives in Kapan city, Armenia. He lives here with his wife, two children (a son and a daughter) and his retired mother. Armen works as a worker and because of insufficient salary, he continues to look for another job with better terms. To date, he still has not found anything better and he has to work hard to provide for his family's living expenses. After many years of savings, recently Armen has decided to repair his house, but his savings has sufficed only partly for the repairs. He is asking for a loan of 700.000 Armenian drams in order to buy some cords, switches and other electrical parts for his house.

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.

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About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • 409.3
    Armenia Drams (AMD) = $1 USD
A loan of $1,725 helped Armen to buy some cords, switches and other electrical parts for his house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Sep 19, 2013
Currency Exchange Loss:
Oct 19, 2013