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Artur
Artur lives in the city of Vedi, which is in Ararat region. He is 37 years old and married, and he lives with his wife and three school-aged children.

For many years Artur worked at a furniture workshop in Yerevan city, but since 2010 he began his own business in the city of Vedy. Now he has a small workshop of his own where he takes orders, mainly making kitchen and restroom furniture.

His workshop is very well known not only in Vedi but also in nearby regions, and that is why he has many loyal clients who want to order their desired style of furniture particularly at his workshop.

Artur asks a loan of US$ 2,800 dollars in order to buy a lot of raw materials for his work. He has many orders and he must fill them on time, but he lacks materials, which makes his work slow and not productive.

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 http://www.kiva.org/team/armenia.

Tags

About Armenia

  • $6,400
    Average annual income
  • 121
    View loans »
    Armenia Loans Fundraising
  • $12,892,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,800 helped Artur to buy raw materials for his work, since he has many orders he must manage to do on time.
72% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
N/A