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Davit
Davit is 24 years old. He lives in Yerevan with his mother, father and retired grandmother. His elder brother and sister are already married and they live in the Russian Federation with their families. Davit works at the bookmaker office as an administrator. His mother does not work and his father is a shoemaker, but unfortunately recently he has had some health problems. These problems are serious ones, since it is connected with his heart. After the last examination, the doctor declared that Davit’s father needs to have an urgent operation. This is a great and unpleasant surprise for Davit and his family, so Davit asks for a loan of 500,000 Armenian drams in order to pay for his father’s for cardiac surgery.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

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.

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About Armenia

  • $6,400
    Average annual income
  • 136
    View loans »
    Armenia Loans Fundraising
  • $12,807,525
    Funds lent in using Kiva
  • 405.8
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Davit to pay for his father’s for cardiac surgery.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible