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Armen
Armen is 59 years old. He lives in Yerevan with his wife. They have a daughter who is already married, and she is going to have a baby.

Armen has graduated Yerevan State Polytechnic Institute, and now he works at the college of the same institute as a director of education. Unfortunately, several months ago, Armen had some problems with his heart and was hospitalized. Thank God, he now feels good and he is back to his work and everyday life. As he says, his desire to live, to have a grandchild and to do his beloved work was stronger than the danger that wanted to frighten him.

Armen asks for a loan of 400,000 Armenian drams, since he needs to pass an examination and obtain a course of treatment which is a very expensive one.

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.

About Armenia

  • $6,300
    Average annual income
  • 91
    View loans »
    Armenia Loans Fundraising
  • $14,006,425
    Funds lent in using Kiva
  • 406.4
    Armenia Drams (AMD) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Armen to pass a medical examination and obtain a course of treatment which is a very expensive one.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015