Check out some available loans that are similar to this one!
Vazgen is 67 years old and he lives in Sevan City which is in the Gegharkunik region of Armenia. Vazgen is married and he has a son and a daughter. Both of his children are married; Vazgen's son and his family live with him while his daughter lives separately with her family. Vazgen’s son works as a tailor. His wife does not work and she takes care of their children and the house. Vazgen’s wife died recently making him very upset and unhappy, but life goes on anyway. Now Vazgen works as a hairdresser and he rents a space for his business. He has many loyal customers and he is satisfied with his income. Vazgen requests a loan of 1,000,000 Armenian Drams in order to privatize the space where he works now.

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
  • 118
    View loans »
    Armenia Loans Fundraising
  • $14,056,400
    Funds lent in using Kiva
  • 407.7
    Armenia Drams (AMD) = $1 USD
A loan of $2,475 helped Vazgen to privatize the space where he works now.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 23, 2013
Currency Exchange Loss:
Nov 22, 2013